If you’ve considered adopting a dog during the coronavirus, you’re not alone. Adoption rates for dogs and cats have skyrocketed over the course of 2020 and 2021 as people spend increasingly more time at home. A report by Rover.com, the dog walking and boarding app, found that 93% of people who adopted pets during the pandemic experienced improved physical and mental health.
Adopting a dog is not a decision to make lightly, however. The time, energy, and financial commitments must be taken into consideration when deciding if adopting a dog is the right choice for you. To understand how expensive owning a dog is, ManyPets analyzed data from a 2020 survey conducted by TD Ameritrade/Harris Poll among 474 dog owners with at least $10k in investable assets. The survey provided a breakdown in dog ownership costs by category as well as generation. ManyPets ranked these categories by the average spent across all three generations—millennials, Generation X, and baby boomers.