Pet spending continues upward climb, even as ownership dips

11/15/2012 | MSN Money

According to an AVMA report, U.S. pet ownership dropped 2.4% between 2006 and 2011, but owners are apparently paying more for things for the pets they have, with the American Pet Products Association projecting a nearly 40% increase in spending on pets this year over 2007. The AVMA report also documented shifts in animal medical care: Dogs saw the veterinarian 9.2% more last year than in 2006, while cat visits declined by 4.4% during the same period. "There is a perception that cats don't need to receive as much health care as dogs," said AVMA spokesman Tom McPheron.

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