Source: Washingtonian

Pets are widely regarded as family members, offering emotional and physical health benefits that enhance owners’ happiness and reduce stress and loneliness. Studies from HABRI, Zoetis, and Synchrony confirm that most pet owners prioritize their animals’ well-being and view them as integral to family life. However, pets can face serious health issues, and the cost of care often surprises families.
 
Synchrony executive Jonathan Wainberg, whose elderly poodle requires ongoing treatment for Cushing’s syndrome, highlights how financial tools like CareCredit help pet owners manage routine and unexpected Veterinary expenses through flexible payments. Synchrony’s 2025 Lifetime of Pet Care Study reveals that nearly 80% of owners underestimate lifetime pet costs, which can range from tens of thousands of dollars for dogs and cats and far more than expected for pocket pets. Rising Veterinary costs and financial stress underscore the growing need for better planning and accessible financing to ensure pets receive proper care.