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Pet Ownership Boosts Purpose for Seniors Amid Rising Costs

2/26/2026

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Summary

Story summary

A University of Michigan poll finds 83% of pet owners aged 50 and older feel pets provide a sense of purpose, up from 73% in 2018.
The poll shows 31% report financial strain from pet care, nearly doubling since 2018.
Only 34% cite mental or physical health benefits.
The study urges clinicians to ask about pet ownership to tailor care and notes rising costs may deter seniors.

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Story summary

A University of Michigan poll finds 83% of pet owners aged 50 and older feel pets provide a sense of purpose, up from 73% in 2018.
The poll shows 31% report financial strain from pet care, nearly doubling since 2018.
Only 34% cite mental or physical health benefits.
The study urges clinicians to ask about pet ownership to tailor care and notes rising costs may deter seniors.