Author: Paxtyn Merten

Food

Older Americans lead the nation in pet spending, but not by much

The average American household will spend $741 on their pets in 2022—up from about $583 in 2013 (adjusted for inflation).Millennials may be known as the generation that adopts pets instead of having children, but recent data shows that their actual spending on fur babies has slightly surpassed that of older age groups. An eTailPet analysis of the 2022 Bureau of Labor Statistics Consumer Expenditure Survey found that spending increased among most age groups in 2022 after those of retirement age led pet spending by a large margin in 2021.A BLS analysis shows that nationwide pet spending will reach $102.8 billion…

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