Are small animal vets as immune to recession as undertakers? Probably not, but there is some good news from Petplan, which has found that whilst 60 per cent of people would put off starting a family during the current economic downturn, a quarter would choose a pet instead.
And it’s not a battle of the sexes – the decision to put family life on hold in favour of nurturing a four-legged friend was equally divided between men and women.
According to Petplan, the findings are supported by a recent Mintel report showing that the pet care industry is thriving with animal lovers spending £484million on their cats and dogs this year. Pets at Home also announced its profits have doubled compared to this time last year.
A spokeswoman from Petplan, said: "It seems that pets of all shapes and sizes are now being considered a perfectly sensible alternative to starting a family for cash-strapped couples. We know that many owners develop very strong emotional ties to their pets that are often treated as part of the family. But we do urge all would-be pet owners to understand that pet ownership does come with responsibilities, just like parenthood."
Research shows the cost of raising a child from birth to 21 is £186,0321 – whereas RSPCA figures state that a dog costs approximately £9,600 during its lifetime a cat £8,000 and a rabbit £3,800.
Top 10 most popular child substitutes:
Survey conducted on www.onepoll.com Total number of respondents – 3,000 pet owners
PS: Whilst you're here, take a moment to see our latest job opportunities for vets.