Pet Debt is Making Millennials Broke

By darik on September 27, 2019
(Photo credit should read ANDREW CABALLERO-REYNOLDS/AFP/Getty Images)

A recent study found that nearly fifty percent of millennials have gone into pet debt — and only one in 10 are actively paying it off.

Researchers for LendingTree tracked 760 pet owners, found that “adoption fees, preventative vaccines, well-formulated foods and training, just to give your pet the best chance to live a happy and healthy life,” can put the unprepared on a path to financial ruin.

And that’s not even factoring in unexpected medical emergencies. A 2019 American Pet Products Association study found US pet healthcare costs have swelled to $69.36 billion annually, up from $66.75 million in 2016.

While these cost are scary, many millennials would do it again!

Source: NY Post

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