Wealthy People are More Likely to be Dog Owners
Well, I’ll be doggone. It turns out that dogs are a luxury good. Who knew? The wealthier you are, the more likely you are to own a canine. While 51% of American households own a dog, a recent survey by the consultancy Spectrem Group reported that of Americans with more than $5 million in net worth, 74% own at least one dog. Need further proof? Beyoncé and Jay-Z just bought their first dog.