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Survey: Pet population increases, pet spending declines

Results from 2024 AVMA Pet Ownership and Demographic survey showed the percentage of U.S. households that own dogs and cats have increased steadily.

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According to the AVMA survey, dog owners spent less overall on their pets this year compared to 2023 while cat owners spent slightly more than they did in 2023.
According to the AVMA survey, dog owners spent less overall on their pets this year compared to 2023 while cat owners spent slightly more than they did in 2023.
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The American Veterinary Medial Association (AVMA) presented its preliminary data from the 2024 AVMA Pet Ownership and Demographic Sourcebook during the 2024 AVMA Veterinary Economic and Business Forum, held virtually October 8-9.

According to the results, the pet population continues to increase but at different rates for dogs and cats. Dogs have reached their highest numbers yet after taking a dip last year while the number of cats continues to increase incrementally. The percentage of U.S. households that own dogs and cats have also increased steadily.

The results also showed dog owners spent less overall on their pets this year compared to 2023,while cat owners spent slightly more than they did in 2023. Veterinary care made up about one-third of total spending on pet-related expenses in either year; however, the average amount spent per household on veterinary care for pets decreased by 4% from last year to this year.