‘Owning a pet has become a luxury’ — vets worry about higher prices and shrinking pet population, survey finds
AI Summary
A recent survey by Morgan Stanley reveals that vet practices in the U.S. are increasingly relying on price hikes to boost sales as fewer pets are being brought in for visits. This trend suggests that the cost of owning a pet is becoming a significant burden, potentially leading to a shrinking pet population. Analysts warn that this unsustainable model could lead to long-term challenges for both veterinary services and pet owners, as the financial strain may deter responsible pet ownership and care.
Original Source
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