Pet care costs from an environmental and social responsibility perspective

 Pet care costs from an environmental and social responsibility perspective

As the number of people who treat their pets as family members increases, pet care costs are also rising sharply every year. According to a recent survey, the lifetime cost of caring for a dog averages between $20,000 and $60,000, while the cost for a cat ranges from $20,000 to $47,000. Even small animals like hamsters can cost up to $15,000 over six years. However, 8 out of 10 people underestimate the actual costs and often find themselves caught off guard by unexpected high expenses.

Major expense categories include pet food (such as food and treats), veterinary fees, grooming, supplies, and toys. In particular, management costs are rapidly increasing due to the introduction of premium food, smart devices, and healthcare services focused on prevention and diagnosis. In South Korea, the average monthly cost of raising a dog is 160,000 to 180,000 won, and for a cat, it is 110,000 to 130,000 won, with an increase of 10 to 20 percent since the 2020s.

Such cost burdens extend beyond mere household issues and are also linked to environmental and social responsibility. The growth of the pet industry and increased consumption are having a growing impact on the environment, including resource consumption and waste generation. Additionally, the issue of abandoned animals due to cost burdens is becoming increasingly severe.

Therefore, it is essential to conduct sufficient cost estimation and preparation before adopting a pet, diversify risks through pet insurance, and cultivate reasonable consumption habits. The government and society must strengthen animal welfare, environmental protection, and guardian support policies, and individual citizens must also participate in spreading a responsible pet culture. A happy life with a pet begins with accurate information, preparation, and social responsibility.

Why have pet management costs increased so much?

According to a recent survey, pet management costs are increasing significantly every year.

The lifetime management costs for dogs have risen by about 10% compared to 2022, reaching $22,125 to $66,020, while those for cats have risen by nearly 20%, reaching $20,000 to $47,106.

Eight out of ten people underestimate the actual costs, and unexpected high expenses are also common.

The introduction of new technologies (such as smart feeders and GPS collars) is further increasing annual expenses.

Small animals (pocket pets) such as hamsters can cost up to $15,000 over six years, but many owners think it costs less than $3,000.

The percentage of owners feeling the financial burden has increased sharply, and only 31% of owners can actually afford high expenses.

Frequently Asked Questions (FAQs)

Q1. Why are pet care costs continuing to rise?

A1. The main reasons include the adoption of new technologies such as premium pet food, medical expenses, and smart devices, as well as increases in pet food and supply prices. Additionally, stricter animal welfare standards and rising veterinary fees also contribute to the increase.

Q2. How much does it actually cost per month?

A2. Based on domestic standards, pet dogs cost an average of 160,000 to 180,000 won per month, and pet cats cost 110,000 to 130,000 won per month. Overseas surveys indicate that lifetime costs can range from 20,000 to 60,000 dollars.

Q3. What items are the most expensive?

A3. Pet food (food and snacks) is the top expense, followed by veterinary costs (examinations and surgeries), grooming, supplies, and toys.

Q4. What are some unexpected costs?

A4. Sudden illnesses or surgeries, accidents, high medical expenses, and smart device replacements are common examples. 74% of pet owners have experienced unexpected costs exceeding 250 dollars.

Q5. Are there any ways to reduce the financial burden?

A5. You can reduce expenses by enrolling in pet insurance, subscribing to bulk purchases, comparing prices online, and getting vaccinations and regular check-ups. 4.

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