A new report from Lending Tree says many Americans are getting priced out of owning a pet, with 25% of Gen Zers surrendering a pet because they could no longer afford to care for it.
Almost a quarter of pet owners — 23% — say they’ve considered going petless due to costs, and 39% say they won’t own a pet again in the future, according to the report.
Financial consultant Eric Wilson joined Scripps News Weekend to discuss some tips for dealing with the unexpected costs of pet ownership.
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"From shampoos to cages and dog houses and that doesn't even include vet visits and shots and things like that, you've got to do your homework to be a pet owner today," said Wilson.
He said if you're interested in owning a pet, it costs an average of $100 per month to care for it.
Look for discounted pet clinics, consider pet insurance, research different foods and be intentional with finding ways to save money, Wilson said.
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