Report: Rich People Also Happen To Be Dog People
A report from research firm Wealth-X looked at the top 30 interests, hobbies, and passions of the uber wealthy in the world and found that the wealthy tended to prefer having dogs as pets over cats.
Their favorite animals were horses, the firm said, not surprisingly as horses are such a popular passion for many with money, but dogs were a very close second, and cats were hardly a blip on the pet popularity screen for the wealthiest.
This supports what a Mars PetCare survey found when they surveyed 1000 cat and 1000 dog owners. They found that the dog owners were two times as likely to work in finance, which tends to pay well, as compared to cat owners, who worked more in creative, but often less-well-paying jobs.
The Mars survey also found that those who have dogs as pets tended to have higher incomes on average, and that’s pretty important when experts estimate the lifetime costs of dog ownership can easily come to $42,000 or more. The current average estimate for raising a human child is $233,000 but as the pet industry continues to boom, we may see those numbers get closer in total.
More by Lori Ennis