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Can't afford a vet visit? Consider doing these 6 things

From CBS News · () English

Summarized and contextualized by DistantNews.

At a glance

In-depth Named sources Context piece
  • Owning a pet has become significantly more expensive, with average annual costs exceeding $4,272 per animal.
  • Many pet owners struggle to afford veterinary care, with some resorting to credit cards or draining savings.
  • Skipping vet visits can lead to more serious and costly health issues later on.

The cost of pet ownership has surged dramatically, presenting a significant financial challenge for many Americans. Routine annual expenses for a single cat or dog now average over $4,272, according to a new survey by Healthy Paws Pet Insurance. Over a typical 12-year lifespan, this can amount to more than $50,000, a sum comparable to a down payment on a home.

This escalating cost comes at a time when many households are already strained by high debt, rising inflation, and other economic pressures. Faced with unexpected veterinary bills, a substantial portion of pet owners report difficult choices. The survey found that 38% of respondents have put unaffordable vet bills on credit cards, while 20% have depleted their savings entirely. Alarmingly, a growing number are foregoing vet visits altogether as prices continue to climb.

However, avoiding necessary veterinary care can have severe consequences, potentially leading to more serious and expensive health problems down the line. The article suggests that skipping care is not the only option when vet bills seem insurmountable. Several concrete steps can be taken by pet owners to manage costs and ensure their animals receive needed attention.

Options include exploring pet insurance, which can reimburse a portion of emergency costs and sometimes even routine wellness visits and vaccinations. While monthly premiums average around $62 for dogs and $32 for cats, many insured owners find the coverage pays for itself. The article aims to provide practical advice for pet owners navigating the rising costs of veterinary care, emphasizing that there are ways to manage expenses without compromising an animal's health.

DistantNews Editorial

Originally published by CBS News. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.