Most Americans own a pet but can't afford to pay their $800 medical bill. investinyou (In partnership with acorns.)
Nearly 70% of U.S. households own a pet, according to the American Pet Products Association, and most pet owners enjoy lavishing their loyal companions with products and services to give them a better life. Overall spending in the U.S. pet industry is increasing at about 4% a year, up from $66.75 billion in 2016 toYet as likely as it is that spending will continue to increase, it is also likely that 1 in 3 of these pets will need emergency veterinary treatment within any given year.
Unfortunately, emergency treatment oftentimes runs upward of $1,000 and sometimes much more. And for many pet owners, the urgency is unexpected. Tara Falcone, founder of ReisUP, recalls how her Labrador retriever, Ruger, racked up almost $25,000 in medical expenses over four years — first, when he tore both his ACLs while chasing deer in the backyard, then after he developed a rare form of bone cancer and needed to have part of his jaw removed.
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