Pet spending continues upward climb, even as ownership dips

11/15/2012 | MSN Money

U.S. pet ownership dropped 2.4% between 2006 and 2011, according to an American Veterinary Medical Association report, 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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