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Economist Podcasts
Luxury Beyond Necessity for Pets
Pet ownership is increasingly associated with lavish spending, as evidenced by the investments in luxury accommodations and gourmet food tailored for pets. Companies emphasize quality, with offerings like taste-tested meals and specialized grooming products that mirror human care routines. The extensive spending in the U.S., totaling $186 billion in one year, highlights the growing trend where pet owners prioritize premium experiences and products for their animals, reflecting a broader societal shift toward treating pets as family members deserving of extraordinary care.
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