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Pet food prices rose 14% between September 2021 and September 2022, according to the Bureau for Labor Statistics. Fifty percent are shopping for cheaper alternatives to their standard pet food, and 35% say they've had to reduce the frequency of their visits to grooming services. More worryingly: 46% of pet owners said that they've decided to forego or delay veterinary treatments in the wake of inflation — including dental procedures and X-Rays. She told Insider: "Google searches for "can I give my dog paracetamol?" have surged recently, as we fear people are seeking to self-medicate animals and avoid vet costs."
Economists are sounding the alarm bells about a likely recession in 2023.Insider spoke to five personal finance experts to get their tips on preparing for a downturn. Insider spoke to five personal finance experts to uncover the key steps to help you bulletproof your finances ahead of a rocky 2023. Build an emergency fundThe experts advised building up an emergency fund to cover your expenses if you lose your job. If you have the time, finding additional employment is the quickest way to bring in extra income, the experts said. UpskillThe negative effects of a recession, like falling income and higher unemployment, may not become evident until some months into the downturn.
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