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Pets have moved from backyards to bedrooms, and midlifers are driving the shift. Millennials now make up the largest share of pet owners, while Gen Xers—many of them empty nesters with disposable income—are spending the most. The result is a booming pet economy worth well over $150 billion in the United States alone, fuelled by premium food, training classes, daycare, pet insurance and even dog-friendly offices. But this surge raises serious questions about affordability, societal loneliness and corporate opportunism. Mike and Andrew have pets (and thoughts) about what it all means.
By The Midlife GuysPets have moved from backyards to bedrooms, and midlifers are driving the shift. Millennials now make up the largest share of pet owners, while Gen Xers—many of them empty nesters with disposable income—are spending the most. The result is a booming pet economy worth well over $150 billion in the United States alone, fuelled by premium food, training classes, daycare, pet insurance and even dog-friendly offices. But this surge raises serious questions about affordability, societal loneliness and corporate opportunism. Mike and Andrew have pets (and thoughts) about what it all means.