Pet owners may need debt management advice
Pet owners may need debt management advice
Tuesday 9th March 2010
Data from Saga Pet Insurance reveals that the average annual vet bill is now £598, double that of 2006 and increasing at twice the rate of inflation since 2008.
People with sick pets in the north west are experiencing the highest vet bills in the UK, with annual fees in the region coming to £646, states the organisation.
Andrew Goodsell, chief executive of Saga Group Ltd, said: "As vet bills are vastly surpassing inflation, pet insurance is therefore a vital tool to help owners budget for unforeseen costs of care for their cat or dog that may arise in the future.
"Especially for those aged over 50, whose income is already being squeezed at both ends in the current climate."
A recent survey by Sainsbury's Finance reveals that expensive vet bills are forcing some UK animal lovers to put their pets down as they cannot afford their treatment, the Telegraph reports.
Vet fees were said to be rising by more than 12 per cent every year.
The main diseases that could not be treated as a result of rising costs included dental trauma, gastroenteritis, lameness and diabetes, according to the study.
Joanne Mallon from Sainsbury's told the Telegraph: "Advances in veterinary science mean that our pets can get the best treatment possible these days.
"But these improvements, including everything from more sophisticated scans to cancer treatments, come at higher costs and the financial burden are being felt by pet owners."
News article brought to you by Debt1 - UK Debt Management Specialists
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