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Animal Attraction: Solid Growth In Pet Industry

This Washington Post story slices and dices various stats on the pet industry and pet owners, concluding, for one, that unlike traditional pet products, pet services, "have seen both prices and spending rise steadily over the past decade — a possible side effect of veterinary clinics being snapped up by private equity firms, which view them as recession-proof profit centers." And "while almost every age group has seen substantial gains in pet ownership over the past two decades, time-use data show millennials really stand out," with "Americans aged 20 to 25... about nine percentage points more likely to spend time with pets."

Read the whole story at The Washington Post »

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