- Annual average: $687
--- Millennials: $745
--- Gen X: $669
--- Baby boomers: $681
While cat owners spend the most on food and the least on training overall, these are also the categories where dog owners spend the most and least on their canine companions. Of course, dog owners spend almost double what cat owners do to keep their furry friends happy and healthy. Interestingly, millennials spend the most on cats, while Gen Xers spend the most on dogs across generational categories as measured by the 2020 TD Ameritrade/Harris Poll. According to a 2021 Newsweek article, some of the most economical pets to own include fish, snakes, guinea pigs, and rats. Still, cat owners will tell you that spending hundreds of dollars on their pets every year is well worth the money. One study found cat owners are happier than those who don’t own pets. You can’t put a price on the love and companionship of a cat.
This story originally appeared on ManyPets and was produced and distributed in partnership with Stacker Studio.