Rising Housing Costs Force Some Americans to Give Up Pets - Here's How to Save Money and Keep Yours

"For many Americans, rising housing costs aren't just straining budgets - they're forcing heartbreaking decisions. Nearly half of U.S. homeowners and renters (44.4%) say they struggle to afford their monthly housing costs, according to a Redfin-commissioned survey . Most households under pressure are making smaller trade-offs, like eating out less (41%) or skipping vacations (34.6%). But for some, the sacrifices cut much deeper: 4.6% of struggling homeowners and renters said they've had to give up their pets in order to keep a roof over their heads."

"Housing costs have risen dramatically in recent years. The median U.S. home-sale price is up more than 40% since before the pandemic, mortgage rates have nearly doubled, and the typical asking rent has jumped over 22%. At the same time, incomes have only just started to keep pace. When families are forced to choose between paying for rent or a mortgage and covering pet-related expenses - like food, vet care, or housing deposits - some end up making the decision to part ways with their pets."

Nearly half (44.4%) of U.S. homeowners and renters report struggling to afford monthly housing costs. Many households reduce discretionary spending, such as eating out less (41%) or skipping vacations (34.6%). About 4.6% of struggling households have surrendered pets to maintain housing. Median home-sale prices are up over 40% since before the pandemic, mortgage rates have nearly doubled, and typical asking rent has climbed over 22% while incomes lag. Pet-related expenses like food, veterinary care, and housing deposits can push families to give up companions. Practical cost-saving measures include at-home grooming, buying food in bulk, choosing store brands, and sharing expenses with other pet owners.

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