It's hard to imagine any part of the economy that's benefited from the coronavirus, but Singapore's pet industry is one exception. The start of the circuit breaker inspired a tenfold increase in pet fostering, and as families look to the post-COVID future, some may be weighing the merits of permanent adoption.
A big part of that equation is financial: pets typically cost several thousand dollars a year in food, medical care and supplies. To learn more, we dug into the details looking for the true cost of companionship, with a focus on cats and dogs.
Raising Cats Is One Third Cheaper Than Raising Dogs
When we collected numbers on adoption fees, breeder prices, medical costs, food and grooming, the final analysis showed that dogs cost an average of almost S$3,200 in the first year while cats cost a little over S$2,000. In other words, the cost of getting and keeping...