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Pet spending – The daily blog of behavioral and cognitive economics

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Pet spending – The daily blog of behavioral and cognitive economics

How Pets Are a Part of the Family

Observing how our pets influence finances, fertility rates, and parent-child relationships, an SMU professor said that some of us have multi-species families. Even affecting government during an emergency, the 2006 PETS Act said FEMA could rescue household pets. When determining custody, six states–New York, Alaska, California, Illinois, Maine, and New Hampshire–have considered a pet’s welfare. And, a Colombian court recently decided a dog was equal to a son or a daughter when a man sued his former wife for visitation rights. Let’s take a look at how all of this shapes our spending. ….[READ]

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