How America’s Love Of Cats And Dogs Became A $72 Billion Business 

As people don't give birth to children, they get pets instead.

When Dogs and Cats live a better life than majority of humans on Earth...

Increased social loneliness also proppelled adoption of pets.

CNBC really upping their RU-vid game

Me: Gets Sick Doesn’t go to the doctor because I’m stubborn. Also Me: My Pet gets sick..... 🚑 GET ME THE VET ON THE PHONE

Here’s why American’s love of X has become big business “ If that ain’t the most American thing I’ve heard all day

There is so much hate in these comments about pet owners “wasting” money on pets when they should be contributing to charity. Newsflash: people can do whatever they want with their hard earned money. If that’s charity, great. If not, that’s also great. The US “wastes” a lot of money on other luxuries such as alcohol, junk food, entertainment, etc. anyway. So with that same mentality, next time you’re watching a football game with wings and beer just donate that money to charity instead 🙄🙄🙄

I’m a dog walker in NYC. I call myself Hot Paws Pet Care. I’ve seen the boom on pets these past few years on pets and seeing my clients, the reason their getting pets is cause of loneliness and love.

CNBC, you are killing it on youtube with these videos Great job 👍🏻✅

If you want a pet please adopt. Do not buy, you will save a life.

the older I get, the more I realize why the grinch wanted to live alone with his dog.

I had a dog,but he had gone last year,he was 15 years old,the last weeks of his life he didn’t eat too much,the last night he gone,he just barked constantly and I still had no idea ,and the next day before I went to work,he just watched me calmly and I still had no idea that he’s dying,when I got back home,he just laid down in his house and passed away

It is sad to me how I have witnessed people treat animals better then human beings. I am saying this as an animal lover who has had pets before. I think the industry is just capitalizing on it as said in the video. Making money...sigh...It is also a shame how I see people treat animals! If one does not wish to be totally responsible please do not get an animal. They do not deserve such anguish.

I Know somebody that doesn't have health insurance but pays one for the dog

Leave it to Americans to turn owning a pet to become big business 🤣

they live way better than the kids in my country guatemala 🤣🤣🤣🤣

Im spending around 160-200 dollar a month just for food (40-50 a week) for my 5 rescue stray cats at home, just bought $ 250 cat cave last weeks, 5 pet beds for nothing coz they like cat cave better, 5 blankets and more stuff for them..and in return they give me so much joy

Why is everyone so salty about having pets

And this video doesn’t even talk about pet care like dog walking, boarding, etc. some people spend more than what all the pet parents they showed on just this on a monthly basis. Most dogs need to go potty every 6ish hours and most people spend at work for longer than 6 hours

Health insurance for my dog has been the best decision i have made for our family. That piece of mind that we get knowing that if anything happens, we can take care of him.

Adopting a pet >>>>>>>>> buying them

Wow the pet industry is more lucrative than lots of countries’ GDP .

I am a pet sitter - so yes!!! Its booming!!! 🙌

It's a bad thing it's coming more popular. The leeches will see the industry rise in profitability and raise the prices to earn more from our love for pets

I have to admit my dog gets a paw manicure more throughout the year than I get a nail manicure

More pets are living American dream than humans

Kids aren’t for everyone. I hate people who say “they aren’t the same.” Not everyone makes a great parent. For some, having a pet is better than raising a child and spending your whole life with that child.

You’ve seriously done an analysis on growth and haven’t looked at inflation? Are you joking?

My family has three husky's and one kitten. Our pets are members of our family. When one of us is sad they are there. When we come home each day they are at the door. They make us laugh and they give us unconditional love. I spend money on insurance, vets, food, toys, treats, medication and supplements because it's the least I can do for them. I do it because they are important to us.

ADOPT DON'T SHOP

I remember when dogs ate the leftovers now they eat better than I lol

I remeber the first time I went to California in 2002 from the UK, and I was shocked with the amount of stray dogs there.

Imagine treating your fur-baby better than your non existent kids. You go girl!

Now even animals would encounter economic disparity and inequality issues.

I believe pets in the us got more presents and treat more than I did during my whole 25 yrs life

Less than two years away from vet school 💪🏼

Still cheaper than having kids...

Ironic I watch all these videos about poverty and homelessness and living in vans and trailers in America and I'm not even American,and here we are dogs and cats are a 72 billion dollar business.

Dogs Animals overall are Way better then Some Humans! People are pure EVIL

It is stupidly wasteful and spendy to own a pet. Absolute TOTAL nonsense. Way more cheaper and logical to watch them from afar while they are living their best life HAPPILY in the "wild" FREE and far from crazy pet owners. Also did I mention pets are not part of your family. For goodness sake they are not even in your specie. If your really get the itch, go adopt a human and make them part of your family. WOW!

I love my dog but the way people care more about animals than other humans is disturbing.

It’s just so easy to love ❤️ pets vs. humans. It’s kinda sad to say that for some reason. I feel like I got more positive interactions with my pet at home (he died last June) than people around me. Thus, companies can capitalize on that emotion. I don’t blame them. Our love is going somewhere else, therefore, we open our wallets to protect that.

Huh, i just throw some fried catfish or boiled chicken wings to the floor when my cat meows at me. He always sleep on cold floor, and take a leak outside. My cat is not very demanding, and the idea of spending tons of money for animals, when it could be spent for more pressing matter, is perplexing for me

Solid video as always by cnbc- how did you get so many pet clips they're so cute!

Animals enrich lives far beyond what most people realize!!! #dogmom #boxermom #rescuedogsrule!

I spend more on my dog then my self. I also never go to the doctor because its way to expensive but I aways take them teheh.

when you get a pet the hardest thing you have to remember is you're gonna have to get ready for it break your heart 15 or 20 yrs from now. A good way to teach children the feeling of losing a loved one.

I'll open up a pet insurance company RIGHT NOW

I don’t even have insurance...

That cat in the grass was peak adorable. I need more cats. I'm probably one of the few crazy cat lads (male). Just need to find my crazy cat lady and I'll be set.

The relationship between a pet and its owner has always been and always will be that of a slave and master. Anyone who says otherwise is either lying or delusional.

The maths doesn't add up in Ashley's pet expenditures: $45 every two moths for litters/hangers/food 4:20 $110 per months feeding + $60 every months for grooming 4:28 - 4:33 $45 (x2) per month for vets 4:36 Total pet expenditure: $282.5 a month which gives us a fixed yearly expenditure of $3,390 ($282.5*12) How did she get "$800 a year just for the vet cost combined"?

Hell, I have 2 GUINEA PIGS, who you would think would be relatively cheap to care for...nope! They chow down through about $70 a month in veggies/hay/pellets and their vet care can be pricey too..for little fuzz balls!

When we are prepared for our pets we are also prepared for our family in more difficult situations. Travel, Health, and Communication. We all get overwhelmed with human interactions sometimes and most of us don't even realize it.😎😁😎

America really shines in this situation. We all need a part of Americas in certain decisions all over the world. We can all consider ourselves an American.

Not delay having children, people recognize children are far more than a hassle and cost more than pets assides being annoying so they get them instead to still have companionship without the drag.

For you guys who forgo your own health insurance but make sure you have your pets on a plan, please reconsider your priorities

People are hating on children I have both children and pets they are both amazing and I love them all ways

I wanted to design dogs clothing for a living but I started doing drugs and it never happen :(

I love my dog... but if it comes to it I'm not getting him a transplant and feeding him immune suppressing drugs wrapped in coldcuts. that's a whole nother level of ridiculous.

A very sad state of affairs.

IMO the less pets destroying my home the better.

I'm enjoying my pets. I currently have two cats, one 18 years and one 13 years old. Having read a lot of the comments below, I need to note I do love children and I recognize that children and pets are not the same thing, and are not remotely equivalent. But, since I couldn't have children - i am happy with pets. I enjoy other people's children. And, for those here who say children are valuable because they will support you in your old age - depends very much on the child! Don't depend on depending on that. In fact, I dare say if you "produce" a child just to have someone (thing?) to care for you in your dotage, the child most likely will not ... As for adopt, don't shop - agree with cats. With dogs - all breeds differ in temperament and other regards.. If you do adopt a dog, I'd still largely prefer to get a breed - some breeds are less compatible than others. But there are breed rescue organizations, seriously worthwhile to investigate. Now that I am retired, and can be home to make sure the dog gets out, and can get the care it needs, I plan to get one. No, none of my pets have / will have health insurance, and I am willing to let them "go" when the medical prognosis states I should. Note - in many cases, having a pet is not an either/or thing. You can have children and have pets. You can have pets and have children - and both are totally different! You can have pets and also do what you can to help the homeless and starving people in this country and in others. Sheesh.

Please buy me also...give me some value ...😁😁😂😂😂

The love between a human and their pet is as strong as their pet's short life!

I only spend $20 on my two dogs every 3 months on a 50 pound bag of dog food, that’s it.

My step mom and dad spend about $2,800 a year on 4 small boston terriers

They don't belong with humans, they're not for our entertainment

More people are abandonning their Pets too...

It's fair if u had a kid u would spoil them within ur means same with pet industry their are family too. Instead of college degree exsp and school there are other things

There needs to be a serious discussion, followed by action regarding puppy mills, breeders, hoarders, etc. As a child of a failed dog breeder/ dog show enthusiast, let me tell you- many, if not most of those people are the absolute worst. Supporting evidence: 1) Many won't sell to anyone who isn't white, especially the bully breeds. 2) To celebrate my G.E.D., probation ending*, and upcoming 18th birthday, my mother said she'd pay for the phlebotomy classes I wanted to take to begin the path of becoming an RN. The day classes start, my sister interrupts my mom's sudden tantrum and the barrage of attacks that she spent the money (a grand more than the class) ordering a puppy from some Ukrainian breeder's website. Even more frantic now, she gives me 10 minutes to pack up and leave, while threatening to put a kitten (from one of two litters) that took to me in a hefty unless I took him. Fast forward 2-3 years since I became homeless, I came to visit. Imagine my shock and disgust discovering that poor, sweet dog spent 2, maybe 3 hours tops out of his cold wire crate where he was exiled to a damp, cold, and dark basement. He was such an awesome dog but because he wasn't "show quality", she saw him as an annoyance that she was "too tired and stressed' for. Mind you, the dog count had since increased by one or two- and per usual, she was spending child support and any other money she could take from us kids (gifts be damned) on artificial inseminations and other expensive vet services. 5 extremely bored dogs and 15 cats weren't enough. She needed a litter puppies. 3) A fellow breeder cleans her cages with bleach and other chemicals. My mom left one of her dogs there for breeding purposes. The irony is, the poor dog came back with his nuts chemically burned and he developed OCD because he was in so much pain that he'd constantly gnaw at them. She took him to the vet and got him a cone but she didn't do very much else before putting him down. 4) Many of these people's homes are DISGUSTING and they act like it's a good thing because it shows they're "authentic". They think of their dogs as status symbols and a pass when it comes to the upkeep of their homes, vehicles, and bodies. 5)I have always had a love for Siamese cats. I once found an ad on CL for a disabled kitten with a deformed paw in the shape of a crab claw. Arrived at the place- a rancid, dilapidated trailer that upon opening the aluminum door, flooded the lawn with the biggest stampede of cats I've ever seen. I know better than this but I fell in love with this kitten instantly and wanted to save her. The fat slob bragged about how she's had multiple kittens with this deformity and "they always sell like hotcakes, I love it." 6) A husband responds to a dog on the couch by lifting him up in the air and throwing him onto the wooden floor with enough force to break his leg. He's also taken his pre k kid's sick cat and shot him for fun instead of going to the vet. Amongst many other incidents, the cruelest was when he shoved a dog into a wire crate (again, with so much force and indifference) the toes got caught in the wire and the nails got ripped out. Husband or not, it was her job to protect them, either by rehoming, alerting the authorities, or divorce. How does anyone condone that, much less continue to bring more innocent victims around him? 7) They are usually the cause behind the groups of homeless cats, but sometimes dogs too. When the numbers get too high or they just want to dispose of an eyesore that has long since lost its novelty, they abandon them without a 2nd thought- except to worry about ASPCA tracing the animal back to them. 8) They put these animals through so much discomfort and pain just to make the animal look and behave unnaturally: chalk for the fur, metal collars with inward-facing spikes to choke them if they pull. With bull breeds- feeding them supplements and large amounts of weight gaining food that's healthy for ppl, not them. If you like a specific breed for whatever reason, just keep an eye out for a rescue. It doesn't take long. Anyway, there needs to be more regulation/ oversight.

Should be; “How pets replaced the responsibility and companionship of family”.

Why aren’t we using more of this disponible income to help the impoverished in developing countries? We care so much about animal rights but then are OK with slave labor conditions for humans making the clothing for these pets. Americans would benefit from a more global perspective.

Did she just say Master servant... well yes my Dog is my Master lol

I don’t need animals to make my day

I'm watching this video alongside our 7 year old chocolate brown toy poodle "Bentley", and he approves this message.

This is really sad and pathetic when we worship animals so much to the point where it’s normal in our day and age to say “I LoVe mY dOg mOrE tHaN hUmAns”. It’s sickening and I for one will never ever fall into the pet worshipping ways other Americans blindly fall victim to. You can have a pet without worshiping the ground it walks on and just treating it like oh I don’t know? A PET. 🤷🏻‍♀️

Where I can download the research report? Please help

So wait. Let me get this straight. Millennials move out and feel lonely, so they get pets. Old people no longer have their millennial progeny live with them, and they get lonely, so they get pets. I cannot relate. I’m Indian. We grow up in a house and raise progeny in the same house.

This is literally the plot of "the boss baby". BabyCorp vs. Puppy Co.

One thing they didn’t touch on is the reason for the huge rise of vet costs and expenditures is likely tied to the fact that it costs $250,000 in tuition alone to go to vet school, comparable to medical school. Before, the costs were much lower, and anyone could afford to go to vet school for a fraction of med school. Now they have to charge a lot for current and growing number of procedures which are now required to address the fact that our beloved family members only live for 8-16 years or so. We all want to improve their high cancer rates, for example.

Cheapest pet? Tarantulas. Only need to feed them once or twice a month, don't need to change substrate unless it's moldy or infested with mites, sadly can't be treated by a vet but no vet bills because of that. Only expensive thing for them is the actual tarantula its self and the enclosure. Oh and if you get lucky and get a female you will have her for 15-40 years depending on the species

Just another way to waste money. I love pets, but I think we have gone too far. There are FAR TOO many abandoned animals and street pets. It's really sad.

Think some of these pets might be living better me lol

I would love to get an updated report on this. I'm starting at Cat Cafe in Rock Hill SC and this would be great to show investors!

Dogs are getting more love than I am

Guess I'm weird, but I just don't understand why people want to spend so much on pets.

Dang money to blow Let’s be real

Oliver is so cute.

too many ducking dogs and cats, and I just don't understand the need. And the vast majority don't spayed or neuter.

Yes great but lets stop polluting the earth with more unnecessary things please. Production of pet products and so on, dont need to explain more. Love animals though 🤗

Cutest CNBC video!

Is this a proof of our decadent society?

I believe it's time we stop breeding dogs. We have used and abused these beautiful creatures for far too long. They can't eat grass and they don't hunt. They are dependent on us for food. They used to be wolves. We made them docile for our needs and they now they roam the streets unloved and uncared. I believe it's time we put an end to this history of abuse.

Meanwhile. Humans starve around the world

Media: there aren't signs of slowing down! Industry:*slows down*

I don't mind spending a fortune on my pets, when they have given me more joy than any person I know, and no animal has ever disappointed me or betrayed me. 😌

We live in this Earth 🌎, because of animals.....

I can barely afford health insurance for myself haha

Animals don’t needs hotels, while humans become homeless