British dog owners spend more than $1.4 billion each year on veterinary care, according to a recent Direct Line Pet Insurance survey. The survey also revealed that 85 percent of those owners do not insure their dogs, which in many cases can cause financial strain, according to Chris Price, business manager of Direct Line Pet Insurance.
With no [national health service] for animals, dog owners make great financial sacrifices to protect the health of their pets, Price told MyFinances.co.uk.
One in 10 has put off paying bills, while 6 percent of dog owners borrow money to pay for their pet’s treatment. One in five cuts back spending purchases, while 5 percent cancel or even forego holidays. The study also revealed that 15 percent of owners will use their life savings to pay for treatments.
Posted: Nov. 15, 2005 at 3:30 p.m. EST