Pet Lifetime of Care Study

We believe it is important for the pet owners to understand the costs associated with having a dog or cat in their lives. After all, this is a journey that can last 15 years or more. To this end, we commissioned a study to illuminate those costs over time, with the goal of sharing their finding with pet owners and the veterinary teams providing care for pets. The Synchrony Lifetime of Care study addressed all possible categories of dog and cat expenses, from first-year expenses (spraying/neutering, vaccinations, pet supplies) to food and health insurance. It also looked at pet owners’ attitudes towards their pets and expenses related to their case.

Key findings include that seven out of 10 pet parents consider their pets members of the family, yet nearly half underestimate the cost of care over their pets’ lifetime. Unexpected expenses can cause pet owners stress and worry, with a bill of $250 enough to trigger anxiety about how they will pay.

Knowledge is power, and when pet owners have a deeper understanding of the financial path they’ll be traveling with their canine or feline family member, the journey will be more rewarding. What’s more, veterinary teams are perfectly positioned to educate their clients about the lifetime cost of care for pets, helping ensure that those pets get the care they need. Ready to find out more? Let’s dive in.

View interactive ebook   Synchrony’s Pet Lifetime of Care Study