One thing that has clearly shown itself to be recession-proof is America's love for its pets. A new study out from the Bureau of Labor Statistics demonstrates that even in the depths of the recession, Americans were unwilling to cut back on spending for their cats, dogs, birds, ferrets, and what-have-you. Between 2007 and 2011, Americans' spending on their pets remained at 0.9 percent to 1.1 percent of their household expenses every year.
And that amount has been standing at right around $500 per year. It was $502 in 2011, the last year in the BLS study. That includes $182 for food, $142 for vet services, and $141 for buying the pet itself and other supplies.
Interestingly enough, the type of household that spends the most on pets are those with two adults but no kids at home. Those families spent an average of nearly $700 on their pets in 2011. All told, Americans spent more than $60 billion on their pets in that year alone.
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