Discovering YOU Magazine July 2024 Issue | Page 24

PET CARE: ASK THE EXPERTS WITH CODY

Americans Say Their Pets Inspire Good

Money Habits

Article from BPT Website

(BPT) - Can your dog help you save? New Empower research shows that Americans associate pet ownership with positive money habits, with 39% of people saying it inspires them to be more financially responsible, and 36% saying it motivates them to reach their financial goals.

Key takeaways

* More than a third of Americans (35%) say their pets motivate them to work harder and seek higher pay.

* Over half of Americans (57%) include their pets' needs in long-term financial planning.

* 31% of Gen Zers (28% overall) would take a pay cut for a job with flexible hours so they could spend more time with their pet; 34% of Millennials (30% overall) would turn down a higher paying job to spend more time with their animal companions.

* 41% say they'd be more likely to return to the office if they could bring their pet

pet to work; 26% say their dream job would offer pawternity leave (time off for getting a new pet).

* 1 in 5 Gen Zers have a dedicated savings account for their pet's needs.

The pet effect

The majority of pet owners (94%) consider their four-legged friends part of the family, and more than half (57%) include their pets' needs in long-term financial planning. Nearly 2 in 5 (39%) report becoming more financially responsible due to owning a pet. Close to a third (31%) saved up for pet expenses