Synchrony Study Reveals Pet Owners Spend As Much As $55,000 During A Pet’s LifetimeMegan KinchJanuary 11, 2022Share on facebookShare on twitterShare on linkedinResearch Finds 30 Million U.S. Households Will Face an Unexpected Pet Expense That Will Cause Them Financial WorryNearly Half of Pet Owners Underestimate the Cost of Caring for their PetsSTAMFORD, CT – January 11, 2022 – According to a new Synchrony (NYSE: SYF) study entitled “Lifetime of Care,” seven out of ten pet parents consider their pets as members of the family, yet nearly half underestimated the lifetime cost of care, which ranges from $20K-$55K for dogs and $15K-$45K for cats.1 Additionally, approximately half of all pet owners who thought they were financially ready for unexpected pet expenses, were not, and would consider a financial solution dedicated to financing care for their pet.
Source: Synchrony Study Reveals Pet Owners Spend As Much As $55,000 During A Pet’s Lifetime
Explore out Pet Insurance Here: www.bestdogandcatinsurance.com
