Source: Fortune
Summary
A new report from Rover found that 38% of pet parents couldn’t cover an emergency vet visit without taking on debt, despite nearly nine in 10 saying they felt financially prepared before bringing a pet home. The average emergency visit costs around $300 to $4,000, and surgeries can cost $5,000 to $8,000 or more. Many pet owners are skipping needed veterinary care due to cost, with 71% of those who declined or skipped care citing financial reasons. Pet care costs are expected to rise 15% this year, with the lifetime cost of a medium-sized dog projected to be between $35,415 and $43,285.
Our Reading
The numbers tell one story. Pet parents are struggling to cover emergency vet visits, with many taking on debt or skipping needed care due to cost. The average emergency visit is a financial shock, with costs ranging from $300 to $4,000. Pet care costs are rising, with a 15% increase expected this year. The lifetime cost of a medium-sized dog is projected to be between $35,415 and $43,285. “The joy they bring to our lives is still priceless and is worth it every time,” Dr. Rebecca Greenstein said, but the financial reality is that many pet parents are not prepared for the costs of emergency vet care.
Author: Evan Null
