Fur Babies: How Are US Consumers Financing Veterinary Care?
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Fur Babies: How Are US Consumers Financing Veterinary Care?

/ Quick Take

Most US pet owners expect to pay veterinary bills themselves, according to recent consumer research conducted by The Conference Board. Even though 71% of US households own at least one pet, only 3.9% of pets are covered by insurance.

Most US pet owners expect to pay veterinary bills themselves, according to recent consumer research conducted by The Conference Board. Even though 71% of US households own at least one pet, only 3.9% of pets are covered by insurance.
Figure 1

40% of consumers say they may or they will spend on vet care over the next 12 months; 86% plan to pay solely or partially out of pocket

Q: Over the next 12 months, do you plan to spend on veterinary services?

Q: If you use pet care services, how do you plan to pay for it?

Note: 3,000 total US respondents |  Source: Consumer Confidence Survey®, The Conference Board,

Author

Malala Lin

Malala Lin Malala Lin

Economic Research Associate
The Conference Board

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