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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: Gimme Shelter Say Pet Buyers

Among Affluent households, shelter or rescue adoptions increase with age, from 27 percent of those under 40 to 41 percent of those ages 61 and up.

| BY Donald Liebenson


Affluent pet owners are more likely to find their beloved companions at a shelter than from a breeder, a new consumer spending trends survey conducted by Spectrem’s Millionaire Corner finds.

Thirty-six percent reported adopting a shelter or rescue pet, compared with one third who said they purchased their pet from a breeder. Twenty-one percent adopted their pet from someone they know, while 14 percent said they had rescued their pet which they had found abandoned. 

Less than 10 percent said they had gotten their companion from a chain or local pet store.

The highest percentage of Affluent respondents who said they purchased their pet from a breeder was those with a net worth of at least $5 million (39 percent). But even among those with the highest household income (at least $200,000), a shelter or rescue facility was most likely where they adopted their pet.

Surprisingly, younger Affluent households surveyed by Millionaire Corner were most likely to have gotten their pet from a breeder over a shelter or rescue. As age increased, so did the percentage of breeder buyers decrease, from 39 percent of those under 40 to 30 percent of Baby Boomers ages 51-60. Conversely, shelter or rescue adoptions increased with age, from 27 percent of those under 40 to 41 percent of those ages 61 and up.

Animal welfare organizations recommend prospective pet owners adopt from a shelter or rescue group. An estimated 3.7 million unwanted pets must be euthanized at animal shelters annually and adopting from a shelter or rescue group gives these animals a second chance at finding a home.

The ASPCA offers several recommendations to those who will endeavor to adopt a shelter or rescue group pet: 

Prior to visiting a facility, determine what you are looking for in a companion? Are you looking for a pet that can interact with children? Do you have other pets at home? Do you have a quiet or active lifestyle? Do you live in a house or in an apartment building? What size and age pet do you want? If you are looking for a young pet, are you willing to put in the work to train it?

Prepare a list of questions to ask Shelter staff members about the dog’s lineage, medical and personal histories, temperament, likes and dislikes and behavioral and personality characteristics.

Walk through the entire shelter and observe the animals to see how they react with other people. Look for signs of friendliness, fear and aggression. Does the animal retreat to the back of its kennel? Is it jumpy, noisy, or menacing?

Spend quality time with your top choices.

Put your choice on hold and come back It’s helpful to see a prospective pet on more than one occasion. The second time you visit, bring your spouse and children. Most shelters strongly encourage everyone who’s going to live with your pet to come and meet it.

Base your adoption decision on your objective observations of the dog’s apparent physical and behavioral health and not just cuteness.



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.