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2018 looks like a good year for veterinary teams, but costs are rising

This year, veterinarians' debt-to-income ratio declined, the net present value of the DVM degree rose, and veterinary unemployment fell, trends that the AVMA Veterinary Economics Division expects will continue in 2018. Median household income also grew in 2017, giving some pet owners more money to spend on veterinary services and products, but housing costs are rising, and veterinary practices face higher costs for labor and supplies that will pose challenges next year, writes division director Dr. Michael Dicks.

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