Americans keep pampering their pit bulls, Persians and parakeets. They are projected by Morgan Stanley analysts to spend more than $275 billion to feed, harness, groom and play with them by 2030, implying annual growth that will exceed that of expected GDP. Consumers may trade down for themselves in tighter economic times, but not when it comes to their pets. After a surge in Covid-19
, some seven out of 10 U.S. households owned one, according to a recent survey by The American Pet Products Association. Animals are one long-term investment many people are willing to make.
Breakingviews sharonlam_ Pets are higher than hungry kids immigrants, homeless and so on in US. That’s all you have to know about Americans.
Breakingviews sharonlam_ what do you call an industry that creates life for the entertainment and company of others? 'How long do dogs live in the US in 2022?' One of the terrible truths of dog ownership is that we are likely to outlive our adored pet, with the average dog living just over 11 years