health

The cost of owning a pet has skyrocketed. Here are some tips to trim rising expenses

March 23, 2026 / 12:45 PM EDT / CBS News

The cost of owning a pet has skyrocketed. Here are some tips to trim rising expenses

TL;DR

  • Pet ownership costs have increased significantly, with one in five owners carrying at least $2,000 in pet-related debt.
  • Veterinary visits and specialized pet food have become more expensive, contributing to lifetime care costs estimated at $32,000 for cats and $35,000 for dogs.
  • Rising costs are forcing some pet owners to surrender their animals, with relinquishment rates increasing annually.
  • Tips for reducing expenses include seeking online resources, opting for mandatory vaccinations, utilizing low-cost spay/neuter clinics, and adopting from shelters.
  • Preventative care and pet insurance are options, though insurance may have limitations like not covering pre-existing conditions.