15 Best Retirement Cities for Dog Lovers

This article takes a look at the 15 best retirement cities for dog lovers. If you wish to skip our detailed analysis on the pet boom, you may go to the 5 Best Retirement Cities for Dog Lovers.

The Pet Boom: A Growing Trend in America's Aging Population

In the wake of the pandemic, pet ownership in the United States surged to unprecedented levels. To quote an example, a Morgan Stanley (NYSE:MS) report from 2022 reveals that there are now 5 million more pets in American households than before the onset of the global health crisis. American Pet Products Association reveals that while pet ownership in the United States grew by 4.7% from 2009-2019, the rate more than doubled to 9.77% from 2020-2022, aka the pandemic years. Millennials have been the most responsible for this surge. However, a report by the National Poll on Healthy Aging reveals that seniors were also in on this trend. Their poll reveals that between March 2020 and January 2021, 10% of all people between the ages of 50 and 80 got a new pet as well.

Morgan Stanley (NYSE:MS)'s report also predicts an impressive 8% compound annual growth rate for the pet industry by 2030, representing a sizeable rate of return within the retail segment. Per pet spending is set to increase by $1,320 by 2025 too, reaching $1,897 by 2030.

“Americans are increasingly attached to their pets, which is clearly shown in survey results, and thus pet spending is a priority. Consumers are less willing to cut pet spending even when real personal disposable income declines.”

As the Peak 65 period commences this year, it is strongly implied that an increasing number of seniors will actively seek furry companions for themselves. A Pew Research Center study notes that an estimated 27% of American seniors live alone, a figure that is 10% higher than the national average. For many of these seniors, having a pet can help "offset" the impacts of loneliness. These furry babies are the perfect little companions that can help retirees, especially those who live alone, by providing them with the emotional support that they need.

Pets, especially dogs, are also a fun way of keeping seniors engaged and active. These companions ensure the well-being of seniors by engaging them in various physical activities, from taking strolls to interactive play sessions and overall attentive care. Maintaining an active lifestyle is crucial for seniors as it enhances their ability to provide optimal care, allowing them to meet the needs of those they look after more effectively. Looking after these fur babies has been becoming easier as well. There are dedicated platforms such as Rover Group, Inc. (NASDAQ:ROVR) that connect pet owners and caregivers. Rover Group, Inc. (NASDAQ:ROVR) is an American company operating an online marketplace for people to buy and sell pet care services. These services include pet sitting, dog boarding, and dog walking. With the help of platforms such as Rover Group, Inc. (NASDAQ:ROVR), looking after a pet has become even easier especially for seniors.