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Americans are spending money on their pets at a higher rate than they are on food or medicine

8 days ago   |   By Business Insider

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From 2013 to 2018, total expenses on pets increased by 50%, according to new research from Magnify Money.
Spending on pets actually increased at a higher rate than spending on food and medicine.
Wealthy Americans also heavily invested in pets - their spending increased by 70%.
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Americans love to pamper their pets - and animals rule the world now more than ever. If they're not getting subscription-only BarkBoxes full of treats and toys on a monthly basis, they're getting dropped off at doggie daycare instead of staying home...
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