Pet industry thriving despite economic downturn
June 12, 2008
As I continue to scrimp and save after my recent graduation from college, those expensive teeth whitening strips were my first luxury to go, but my dog’s canines are as bright as ever, thanks to puppy dental products.
I’m not the only one looking out for my pooch while I go without. A new survey shows that while Americans might be willing to sacrifice a few personal luxuries to get by during times of financial hardship, we aren’t yet willing to forgo the felicity of our furry friends.
Amid a turbulent economy, pet owners across the nation (all 69 million households worth of us) continue to spoil our 73 million dogs, 90 million cats, 139 million freshwater fish, 9 million saltwater fish, 16 million birds, 18 million small animals and 11 million reptiles, says a 2005-06 survey by the American Pet Products Manufacturers Association.
While other industries are suffering in this, well, dog-eat-dog economy, the Bureau of Labor Statistics predicts that the animal care industry will grow faster than any other field over the next eight years.
So if you’re looking to take on a second job to pay for Fluffy’s spa treatments, might I suggest a slot in the pet care industry? It’s one field that hasn’t yet gone to the dogs.
ANNE RILEY, Business Writer
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I’ve cut back on a lot of expenses except those concerning my two Boxers. I still buy them the same items I purchased when times were good. There are maybe fewer trips to the dog park but I make up for it with more walks closer to home.
Cheers,
Can that dog really read?!