How Much Are Brits Spending On Pets

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How much are Brits spending on pets?
27th June 2016

By Karen Pickwick

Latest figures from TotallyMoney.com figures suggest that Brits spent a record-breaking £7.16bn on their animals last year as pet pampering became ever-more prevalent, a growth of 25% since 2010.
 
Now, the credit comparison experts has brought out a new interactive tool designed to tell owners how much their favourite members of the animal kingdom cost them over the course of the creature’s lifespan.

The pet cost infographic (at http://www.totallymoney.com/cost-of-pets/) shows precisely how much the UK’s estimated 13 million pet owners (that's 46% of the population) spend on their animals on average, using data collected from users.
 
From grooming and treats, to personal trainers and pet clothing, the range of products and services many pet owners are now willing to invest in for their pets is ever-growing. In fact, TotallyMoney.com's survey of 1,000 people (OnePoll) revealed that 51% of dog owners would consider paying more for their pet’s healthcare than their own.
 
But despite the growth in pampering for dogs and cats, the title of ‘most expensive pet’ over the course of its lifetime belongs to a rather more sedate contender – the tortoise.

According to TotallyMoney.com’s research, the slow and steady tortoise costs £25,787 over its average of 75 years.
 
The UK's most expensive pets after the tortoise, according to the research, are:
• Small dog: £19,224 over 15 years
• Large dog: £17,234 over 11.5 years
• Medium dog: £16,828 over 11.5 years
• Cat: £12,322 over 16 years.
 
For the 35% of fish-owners who claim their aquatic pet makes them feel more relaxed, there is some good news: goldfish are the UK's most affordable pet. With costs amounting to £914 over a typical 7.5 years, this soothing species is the ultimate low-cost pet option.
 
Brits have always been considered a nation of animal lovers, with the research showing that 95% of dog owners consider their four-legged friends to be a family member. Even after telling cat owners that their pet would cost them the same amount as a deposit on a house, 88% claimed they’d rather have the cat!
 
Other statistics from the survey include:
 
• UK pet owners spend an average of £472.2 a year on their pet
• 79% of UK pet owners say that their pet makes them feel happy
• 90% of UK pet owners consider their pet to a part of the family
• More UK males would take their pet on holiday with them than UK females
• 45% of hamster owners would consider paying more for their pet’s healthcare than their own
• 51% of dog owners would consider paying more for their pet’s healthcare than their own.
• UK dog owners spend an average of £586.44 a year on their pet.