What U.S. Consumers Spend Monthly on Convenient Pet Services
U.S. consumers are spending $177 billion on convenience services each year with 46 percent spending on services such as delivery, driving, handiwork, pet needs and subscription boxes, according to a recent finder.com survey.
Spending on pet services, such as walkers and groomers, ranked in the top five in a three-way tie, with 43 percent of Americans spending an average of $19 per month on this convenience, the survey found.
Subscription services revealed its popularity among Americans, with 44 percent spending an estimated $2 billion each month on signups with HelloFresh, BarkBox or Rent the Runway, bringing this service to the second most common convenience.
Men spend upward of 100 percent more than women on pet services. On average, women spend $11 per month on pet services, while men spend an average of $26.
Men also spend more on subscription services like Hello Fresh, BarkBox and Rent the Runway. The survey found that men spend an average of $26 monthly on these services, compared to $7 that women spend on subscription services.
When it comes to demographics, the survey found get Y as the generation that indulges in covalence the most, spending more than other generations across the board. On average gen Y spends $33 on pet services and $24 on subscription services, while gen X spends $9 on pet services and $10 on subscription services. Baby boomers spend the least amount on both pet services and subscriptions services, spending an average of $5 a month on both.
The most common type of convenience Americans are willing to pay for is food delivery, with roughly 45 percent of Americans spending an average of $63 each month on services like Seamless, UberEats, Grubhub, DoorDash, Caviar and Eat24. That is an estimated $7 billion each month, or $84 billion per year, spent to avoid cooking at home.
The survey of 2,020 U.S. adults was commissioned by finder.com and conducted by global research provider Pureprofile in June 2018.