Survey reveals how much Brits spend on unexpected pet costs each year
The cost-of-living crisis is causing many people to tighten their budgets and leaving many people living on the edge of financial security, with recent data showing that 46% of people have less than £1,000 in savings and 25% have £200 or less1. This indicates that if an unexpected cost such as a car repair or expensive dental treatment were to come around, many would not have enough saved to cover it.
With this in mind, Moneyboat have carried out a survey which has revealed how much Brits are having to pay out for unexpected pet costs on a yearly basis:
Q: In the most recent instance, how much did you have to pay on pet costs?
|
£0 - £49 |
4% |
|
£50 - £99 |
7% |
|
£100 - £149 |
9% |
|
£150 - £199 |
9% |
|
£200- £249 |
4% |
|
£250 or more |
11% |
|
N/A – I have not paid an unexpected cost |
53% |
|
Unsure |
2% |
|
Average Cost |
£158.80 |
The survey also gathered data on how much different age groups, genders and regions are having to spend on average on unexpected pet costs:
Age Groups
|
Age Group |
Average Cost of unexpected pet costs |
|
18 to 24 |
£83.00 |
|
25 to 34 |
£137.00 |
|
35 to 44 |
£186.00 |
|
45 to 54 |
£174.00 |
|
55 to 64 |
£88.00 |
|
65 and over |
£223.00 |
|
Total Average |
£158.80 |
Genders
|
Price Range |
Total |
Women |
Men |
|
£0 - £49 |
4% |
4% |
4% |
|
£50 - £99 |
7% |
7% |
7% |
|
£100 - £149 |
9% |
6% |
13% |
|
£150 - £199 |
9% |
6% |
11% |
|
£200 - £249 |
4% |
3% |
6% |
|
£250+ |
11% |
13% |
9% |
|
N/A – I have not paid s an unexpected cost |
53% |
59% |
47% |
|
Unsure |
2% |
2% |
3% |
|
Average |
£158.80 |
£162.00 |
£155.80 |
Regions
|
Price Range |
Total |
London |
North East |
North West |
South East |
South West |
Wales |
Northern Ireland |
Scotland |
|
£0 - £49 |
4% |
5% |
8% |
5% |
5% |
2% |
5% |
2% |
5% |
|
£50 - £99 |
7% |
10% |
5% |
6% |
6% |
5% |
12% |
6% |
8% |
|
£100 - £149 |
9% |
18% |
11% |
6% |
9% |
5% |
4% |
21% |
12% |
|
£150 - £199 |
9% |
20% |
4% |
3% |
7% |
3% |
5% |
17% |
16% |
|
£200 - £249 |
4% |
10% |
5% |
3% |
3% |
7% |
4% |
2% |
5% |
|
£250+ |
11% |
10% |
11% |
10% |
10% |
14% |
14% |
2% |
11% |
|
N/A – I have not paid as an unexpected cost |
53% |
25% |
56% |
65% |
58% |
60% |
55% |
47% |
39% |
|
Unsure |
2% |
2% |
0% |
2% |
3% |
4% |
1% |
2% |
4% |
|
Average |
£158.80 |
£155.20 |
£108.40 |
£150.30 |
£152.50 |
£185.80 |
£154.10 |
£140.20 |
£156.10 |
If you'd like to read more about the results of the survey and the questions asked, you can read the full blog article on the survey via Moneyboat's blog: https://www.moneyboat.co.uk/blog/the-impact-of-unexpected-costs-in-the-uk/
