How expensive is owning a cat? | Pets

Albert Schweitzer, a Nobel Peace Prize laureate, once said: “There are two means of refuge from the misery of life – music and cats.” With 42.7 million American families owning a cat, there is truth to Schweitzer’s words. Cats are popular pets known for their independence and intelligence. Owning one is not only a commitment that requires time, but money as well. Cat expenses can add up quickly.

To understand how much it costs to own a cat, Many Pets analyzed data from a 2020 survey conducted by TD Ameritrade/Harris Poll among 320 cat owners with at least $10,000 in investable assets. The survey provided a breakdown of cat ownership costs by category as well as the owner’s generation, and Many Pets ranked these categories by average spending across the three generations.

Expenses include necessities that help keep cats healthy and happy. This includes regular check-ups and quality food, along with things that are just too much fun, like Halloween costumes and cool toys and games. Some expenses such as pet insurance can mitigate other costs, such as unexpected emergencies or health treatment plans. Keep reading to discover more about the different expenses you can expect when you own a furry cat.

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