If you thought the love of your pet was priceless, the American Pet Products Association is here to prove you wrong.
The APPA found that in 2016 U.S. pet owners are expected to spend $62.75 billion on their furry (or scaly) friends. That estimate is up about 4% from the $60.28 billion spent last year. In fact, total U.S. pet industry expenditures have gone up every single year that the association has collected this data, which it began doing in 1994. That first year, the industry was worth $17 billion.