NPR - If you have a pet, odds are you have felt the increased cost of pet care. The Indicator from Planet Money talks with Veterinarian Adam Hechko about why prices are soaring. Here’s what he had to say:
🐶 The cost of operating a veterinary practice has increased with
things like medication, partly due to tariffs. Hechko says the cost of a
box of exam gloves is more than twice what it was a year or so ago.
🐶 For many practices, the cost of labor exceeds 50% of overall operating costs, because wages for these careers have to rise over time.
🐶 People are willing to spend more money on pet care. Hechko says this noticeable shift in the culture of pet ownership relates to pandemic lockdowns. Some people’s only social interactions or source of companionship during that time were their pets. Hechko believes that's why more people are willing to pay more for the best care to keep their pet healthy.
🐶 For many practices, the cost of labor exceeds 50% of overall operating costs, because wages for these careers have to rise over time.
🐶 People are willing to spend more money on pet care. Hechko says this noticeable shift in the culture of pet ownership relates to pandemic lockdowns. Some people’s only social interactions or source of companionship during that time were their pets. Hechko believes that's why more people are willing to pay more for the best care to keep their pet healthy.
Listen to what else Hechko has to say about the cost of pet care, or read the transcript from the interview. This week, the series will cover the rising cost of health care. Stay up-to-date on the latest stories here.
No comments:
Post a Comment