This is ridiculous, but not at all surprising.
What we spend on our pets:
Americans spent approximately $61.4 billion in total on their pets in 2011. On average, each U.S. household spent just over $500 on pets. This amounts to about 1 percent of total spending per year for the average household.
Timothy Taylor puts this in perspective:
[T]he World Bank often uses a poverty line of $1.25/day in consumption to measure deep destitution in developing countries. Nearly one-third of the population of South Asia and nearly half the population of Africa has a consumption level below this line. Over 365 days in a year, $1.25/day works out to $456.25. Thus, the average U.S. household spends more on pets than the poverty line for humans in the developing world. And the statistics don’t include the fact that pets live rent-free.
(Photo: Henry the dog talks to his owner through Skype on May 13, 2012. Luxury pet accommodation group Hanrob…
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