Gen Z spend almost a THIRD more on their pets as incredible monthly figure revealed – for doggy daycare, toys & treats
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GEN Z spend almost a third more on their pets than any other age group - as monthly figures reveal how much they fork out for doggy day care, toys and treats. Pet owners between 18-24 spend £145 a month on their animals, a whopping 30 per cent more than the national average.
Over 65s on the other hand were found to shell out less than half this amount, with an average spend of £70 a month. Meanwhile, the cost of having a pet will set owners back an average of £1,344 a year, according to research by Go Compare pet insurance.
The comparison site asked more than 1,200 UK pet owners how much they spend on their pups and discovered people spend roughly £112 a month. Expenses go towards basic items like food or vet visits, but are also shelled out for treats and even doggy day care.
The research also revealed how spending varied across the UK, with the capital seeing people splurge the most on their furry friends. Pet owners living in London on average fork out £150 a month to care for their four-legged friends. This was closely followed by Scotland where owners commit £121 a month on their animals and the East Midlands at £117.
And in the South West, the average spend on pets was just £90 a month - a massive £22 less than the national average. Rhys Jones, pet insurance expert at the company, warned that the cost of having a pet can rack up and advised anyone thinking about buying an animal to remember the financial implications involved with caring for it.