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Annual US pet spending passes $50 billion mark
Americans spent $50.96 billion on their pets in 2011.That's an all-time high and the first time in history more than $50 billion has gone to the dogs, cats, canaries, guppies and the like, the American Pet Products Association said in a report issued Thursday.Food and vet costs accounted for about 65 percent of the spending. But it was a service category — one that includes grooming, boarding,