Millennials Spend A Ton On Their Pets. Here’s Where That Money Is Going

Millennials Are Going Into Debt Over This

LendingTree recently released results from a survey they conducted about which age groups have ever experienced pet-related debt. When they asked 760 pet owners who fell into either the baby boomer, gen X, or millennial age groups, whether they had debt from pets, millennials had the most at about 42 percent.

a dog getting prepped for surgery by two vets
Leon Neal/Getty Images
Leon Neal/Getty Images

A lot of that debt is related to paying for their vet bills because millennial owners agreed that they would do whatever they could to make sure their animals are “happy, healthy, and safe.” Since almost half of them didn’t have the funds available to treat their pets’ illnesses, they charged it to their credit cards.