4.4 • 961 Ratings
🗓️ 12 July 2023
⏱️ 28 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | The inflation is hitting everyone pretty hard and pretty much everyone has had to cut back somewhere. |
0:11.0 | Maybe you're going out to eat way less if at all. Maybe you're painting your nails at home instead of going to a salon. Or maybe you've |
0:17.9 | canceled your vacation plans and decided to have a staycation instead. But there's one industry that's practically recession proof and it might not be what you think. It's the pet industry. |
0:30.0 | We will never stop meeting our daily doses of serotonin when our furry |
0:36.4 | loved ones greet us at the door at the end of a long day to tell us |
0:39.3 | everything's going to be all right. The pet franchise market is expanding despite the rough |
0:44.4 | economy and it's predicted to reach 42 billion dollars in a couple years and |
0:48.9 | that's up from 30 billion in 2020. Pet ownership itself is at a record high and honestly it's not too difficult to see why. |
0:57.0 | First, there of course are the pandemic pets. |
0:59.4 | According to a Forbes survey, 78% of pet owners acquired pets during the pandemic. And I know that's kind of |
1:05.3 | of funky wording. This might mean that if you had a pet already you got another or perhaps you didn't |
1:10.5 | have one but because we were all locked inside, you decided to go for it. |
1:14.6 | Either way, the end result is the same. |
1:17.0 | Many pets were purchased or rescued in recent years, and a lot more money is being spent on them. And it's not just cats and dogs either, but it's more |
1:25.3 | birds, rabbits, hamsters, lizards, guinea pigs, and fish are all warming their way into |
1:30.0 | our hearts and homes. Other sources like Pet Product News say that even if the pandemic to our |
1:35.0 | other sources like Pet Product News say that even if the pandemic pet data may remain a bit controversial or fuzzy so to speak |
1:38.5 | there's no denying the trauma that had us all holding our furry friends closer. |
1:43.6 | With all that's happened in the US in recent years, many Americans have found comfort in animals. |
1:49.2 | A cuddle with the sweetest boy or girl can do a world of good. According to the NCBI, they say, |
1:54.7 | it mitigates the effects of extreme stress |
1:56.8 | and social isolation. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Blair Zoń, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Blair Zoń and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.