According to the American Pet Products Association, expenditures on pets totaled $103.6 billion last year, up from $90.5 billion in 2018.
Millions of Americans adopted pets during the pandemic. As those dogs, cats and other animals worked their special magic — becoming beloved members of their human families — savvy employers took notice.
In the United States, we cherish our pets. It's reflected in the time we spend with them and the comforts, conveniences and care we provide them. According to the American Pet Products Association, expenditures on pets totaled $103.6 billion last year, up from $90.5 billion in 2018. That includes $31.4 billion in vet care and products.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
