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Would you go into debt for your pet?

Mediafeed Logo By Erika Giovanetti of Mediafeed | Slide 1 of 7: Pets provide loyal, loving companionship ─ maybe that’s why 69% of Americans own a pet. But between recurring costs like food and unexpected expenses like emergency vet visits, the cost of pet ownership can add up. For some pet owners, that means turning to credit cards or personal loans to finance pet expenses.Nearly half (47%) of pet owners have gone into debt for their pet, up from 36% in 2019, according to a September 2020 LendingTree survey of 1,378 pet owners. See what else we learned about pet-related debt and spending in the analysis below.

Going into debt for your furry friend could happen

Pets provide loyal, loving companionship ─ maybe that’s why 69% of Americans own a pet. But between recurring costs like food and unexpected expenses like emergency vet visits, the cost of pet ownership can add up. For some pet owners, that means turning to credit cards or personal loans to finance pet expenses.

Nearly half (47%) of pet owners have gone into debt for their pet, up from 36% in 2019, according to a September 2020 LendingTree survey of 1,378 pet owners. See what else we learned about pet-related debt and spending in the analysis below.

© Sandy L Smith

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