Report: Pet Ownership at All-Time High

GREENWICH, Conn. — A record number of pet owners are spending more money than ever on their furry, finned and feathered companions, according to the American Pet Products Association's annual survey of U.S. pet owners.

GREENWICH, Conn. — A record number of pet owners are spending more money than ever on their furry, finned and feathered companions, according to the American Pet Products Association's annual survey of U.S. pet owners.

The number of households with pets increased 2.1% this year over last to a highest-ever 72.9 million, the survey showed. Overall spending, meanwhile, is expected to reach $50.8 billion this year compared to $48.3 billion in 2010, per the APPA.

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