Tuesday, May 21, 2013

BLS Examines Spending on Pets

The average American household devotes more than $500 a year to pets, or 1 percent of its expenditures, according to an analysis by the Bureau of Labor Statistics. That's more than the average household spends on alcohol or landline phones.

In its analysis, the BLS looks at pet spending from 2007 through 2011 and by a variety of demographic characteristics. The biggest spenders on pets are empty-nest couples: married couples without children at home spent an average of $698 on pets in 2011, and householders aged 55 to 64 spent $636.

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