Now Createwealth8888 knows why. Keeping the wrong pets!!!
By: Robert Frank
Dogs and millionaires have a lot in common.
They are relentless opportunists (especially when it comes to
rewards). They come in all shapes, sizes and colors. They defend their
turf. And in general, they don’t like cats.
Perhaps that explains a new survey that shows that millionaires are far more dog-friendly than the rest of Americans.
According
to a study by Spectrem Group, 58 percent of millionaire pet owners
have a dog. Only 37 percent own a cat. Only three percent keep fish, two
percent birds and two percent have a horse.
Those
stats are far more canine-leaning than the rest of the country.
According to the Humane Society, 39 percent of U.S. households own a
dog, compared to 33 percent of households that own a cat.
Why have millionaires gone to the dogs?
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 that
of all the pet trusts she’s worked on, 90 percent are for dogs and only
10 percent are for cats. (She’s written only one parakeet trust).
She said dogs provide one thing especially important to the wealthy: “unconditional love.”
“You
don’t get that from a cat,” she said. “Dogs are like children for some
families, except they don’t mess up in college or run off with money.
Sometimes it’s easy to see why dogs are the favorite child.”
Plus, she says, millionaires know that dogs don’t love them for their money.
“It’s unbiased love and money doesn’t enter into the equation,” she said. "That's important."
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
every year, 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, chateaubriand dog foods and booming dog spas in evidence these
days. Not to mention the medical bills.
The
survey showed that 34 percent of pet owners spend money on grooming,
while only six percent spend on “sweaters, accessories, outfits and
costumes.”
More
than half of millionaire pet owners spend money on teeth cleaning for
their pets. More than 16 percent, meanwhile, said they would spend money
on reconstructive knee surgery, hip surgery and “anti-anxiety,
anti-depression” medication for their pets.
Money, I suppose, can’t buy happiness – even for dogs.
Why do you think millionaires prefer dogs. Security? Loyalty?
Posts
No comments:
Post a Comment