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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Consumer Spending Trends: Dog Owners vs. Cat Owners

Nearly half of dog owners spend more than $50 a month on their companions

| BY Donald Liebenson

Dog owners spend more per month on their beloved companions than do cat owners, according to a consumer spending trends CouponCabin.com survey released Wednesday. Maybe it’s because they are better at showing their appreciation. As writer Christopher Hitchens once observed, “Owners of dogs will have noticed that, if you provide them with food and water and shelter and affection, they will think you are god. Whereas owners of cats are compelled to realize that, if you provide them with food and water and shelter and affection, they draw the conclusion that they are gods.”

Nearly half (47 percent) of dog owners spend more than $50 monthly on their pets, compared with 37 percent of cat owners who spend that much on their felines, consumer spending trends indicate.

Related story: An executive’s best friend. Click here to read more.

Beyond essentials such as food, medicine and health care, pet owners are also splurging on their companions. Nearly one-fourth (22 percent) of American adults surveyed report that they have held or attended a birthday celebration for a pet. Nearly half (47 percent) have spend up to $19, while more than one-third (36 percent) spent between $20 and $49. Seventeen percent said they have spent at least $50 on a pet’s birthday, according to the survey’s findings of consumer spending trends.

Again, it is dog owners who are most likely to throw a birthday shindig for their companion. Nearly one-third (32 percent) have had a celebration for their dog, compared to 25 percent of cat owners.

More pet owners are obtaining pet insurance to protect themselves financially against unexpected pet care costs, the survey of consumer spending trends found. Nine percent of those surveyed said they have pet insurance, up from 7 percent last year, while 19 percent said they might be interested in purchasing it, up from 17 percent last year.

Spending on dogs is not only a matter of love. Dogs are more expensive to own and care for than are cats. All in, last year it cost about $1,580 to care for a medium-sized dog, compared to $1,035 to care for a cat, according to the ASPCA.



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.