Dogs and millionaires have a lot in common.
Dogs
and
millionaires
have
a
lot
in
common
.
They are absolute opportunists (especially when it comes to rewards).
They
are
absolute
opportunists
(
especially
when
it
comes
to
rewards
)
.
They defend their territory.
They
defend
their
territory
.
And in general, they don't like cats.
And
in
general
,
they
do
n't
like
cats
.
Perhaps that explains a new survey showing that millionaires are far more dog-friendly than the rest of Americans.
Perhaps
that
explains
a
new
survey
showing
that
millionaires
are
far
more
dog-friendly
than
the
rest
of
Americans
.
According to a study by Spectrem Group, 58% of millionaire pet owners have a dog.
According
to
a
study
by
Spectrem
Group
,
58
%
of
millionaire
pet
owners
have
a
dog
.
Only 37% own a cat.
Only
37
%
own
a
cat
.
Only 3% keep fish, 2% birds and 2% have a horse.
Only
3
%
keep
fish
,
2
%
birds
and
2
%
have
a
horse
.
Similarly, 39% of U. S. households own a dog, compared to 33% of households owning a cat, released by the Humane Society.
Similarly
,
39
%
of
U.
S.
households
own
a
dog
,
compared
to
33
%
of
households
owning
a
cat
,
released
by
the
Humane
Society
.
Jennifer Cona, a trust and estates attorney and partner with Genser Subow Genser & Cona in New York, does a lot of work on pet trusts.
Jennifer
Cona
,
a
trust
and
estates
attorney
and
partner
with
Genser
Subow
Genser
&
Cona
in
New
York
,
does
a
lot
of
work
on
pet
trusts
.
She said of all the pet trusts she's worked on, 90% are for dogs and only 10% are for cats.
She
said
of
all
the
pet
trusts
she
's
worked
on
,
90
%
are
for
dogs
and
only
10
%
are
for
cats
.
She said dogs provide one thing especially important for the wealthy: unconditional love.
She
said
dogs
provide
one
thing
especially
important
for
the
wealthy
:
unconditional
love
.
"You don't get that from a cat," she said, "Dogs are like children for some families, except that they don't mess up in college or run off with money.
``
You
do
n't
get
that
from
a
cat
,
''
she
said
,
``
Dogs
are
like
children
for
some
families
,
except
that
they
do
n't
mess
up
in
college
or
run
off
with
money
.
Sometimes it's easy to see why dogs are the favorite children."
Sometimes
it
's
easy
to
see
why
dogs
are
the
favorite
children
.
''
Millionaires show their love for their dogs in part by their spending.
Millionaires
show
their
love
for
their
dogs
in
part
by
their
spending
.
One quarter of millionaire pet owners spend more than $1, 000 a year on their pets, the Spectrem study said, while more than half spend more than $500 a year.
One
quarter
of
millionaire
pet
owners
spend
more
than
$
1
,
000
a
year
on
their
pets
,
the
Spectrem
study
said
,
while
more
than
half
spend
more
than
$
500
a
year
.
Many would say those numbers are understated, given all the diamond-dog collars, dog foods and booming dog spas in evidence these days, not to mention the medical bills.
Many
would
say
those
numbers
are
understated
,
given
all
the
diamond-dog
collars
,
dog
foods
and
booming
dog
spas
in
evidence
these
days
,
not
to
mention
the
medical
bills
.
The survey showed 34% of pet owners spend money on decorating, while 6% spend on "sweaters, outfits and costumes."
The
survey
showed
34
%
of
pet
owners
spend
money
on
decorating
,
while
6
%
spend
on
``
sweaters
,
outfits
and
costumes
.
''
More than half of millionaire pet owners spend money on teeth cleaning for their pets.
More
than
half
of
millionaire
pet
owners
spend
money
on
teeth
cleaning
for
their
pets
.
More than 16%, meanwhile, said they would spend money on reconstructive surgeries and "anti-anxiety, anti-depression" medication for their pets.
More
than
16
%
,
meanwhile
,
said
they
would
spend
money
on
reconstructive
surgeries
and
``
anti-anxiety
,
anti-depression
''
medication
for
their
pets
.
Dogs and millionaires have a lot in common. They are absolute opportunists (especially when it comes to rewards). They defend their territory. And in general, they don't like cats. Perhaps that explains a new survey showing that millionaires are far more dog-friendly than the rest of Americans.  According to a study by Spectrem Group, 58% of millionaire pet owners have a dog. Only 37% own a cat. Only 3% keep fish, 2% birds and 2% have a horse. Similarly, 39% of U. S. households own a dog, compared to 33% of households owning a cat, released by the Humane Society.  Jennifer Cona, a trust and estates attorney and partner with Genser Subow Genser & Cona in New York, does a lot of work on pet trusts. She said of all the pet trusts she's worked on, 90% are for dogs and only 10% are for cats.  She said dogs provide one thing especially important for the wealthy: unconditional love.  "You don't get that from a cat," she said, "Dogs are like children for some families, except that they don't mess up in college or run off with money. Sometimes it's easy to see why dogs are the favorite children."  Millionaires show their love for their dogs in part by their spending. One quarter of millionaire pet owners spend more than $1, 000 a year on their pets, the Spectrem study said, while more than half spend more than $500 a year.  Many would say those numbers are understated, given all the diamond-dog collars, dog foods and booming dog spas in evidence these days, not to mention the medical bills.  The survey showed 34% of pet owners spend money on decorating, while 6% spend on "sweaters, outfits and costumes."  More than half of millionaire pet owners spend money on teeth cleaning for their pets. More than 16%, meanwhile, said they would spend money on reconstructive surgeries and "anti-anxiety, anti-depression" medication for their pets.