UK cat and dog owners are spending approximately £11.6 billion annually on gifts, special diets and activities for their pets, according to Asda Pet Insurance.
They revealed that UK cat and dog owners spend an average of £495 a year on activities or gifts for their pets. Over the past 12 months this totals to approximately £11.6 billion!
The single biggest spend is on trips to the vet (£150 per year). Other expenditures include special diets (£58 per year), grooming treatments (£43 per year) and holidays (£41 per year).
Pet owners in London spend the most on average each year by far (£1,284) while those in Wales only forked out the least in their cities (£292).
According to the study, IT professionals were found to splash on average £1,752 a year to look after their cats and dogs, over three times the national average. In contrast, those working in retail and healthcare are the most careful with theirspending just £338 and £356 a year respectively.
Alistair Ball, head of insurance, Asda Money commented: “Our research shows that we are a nation of pet lovers and when it comes to taking care of them we are willing to go above and beyond, showing just how important our furry friends are. At Asda Money, we want pet owners feel safe in the knowledge that they are protected at all times.”
The study was based on research of 2,004 nationally representative UK adults (aged 18+) conducted by Opinium Research for Asda from 7th to 10th April 2017.