Pet owners are spending more on Christmas gifts for their pets, defying cost-of-living pressures.

Pet owners are spending more on their pets this Christmas, buying items like costumes, toys, and bedding, reflecting a trend of treating pets like family members. In the Australian Capital Territory, pet owners spend an average of $157 a month, higher than the national average of $136. Despite cost-of-living pressures, shoppers are expected to spend $707 on pet gifts this year, up $61 from last year. Black Friday and Cyber Monday sales are predicted to reach a record $6.7 billion, a 5.5% increase.

December 01, 2024
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