Having a cat or a dog as a companion can increase human life satisfaction and wellbeing as much as family and friends do, according to new Kent-led research.<\/p>\n
Analysis from economics researchers estimating pets\u2019 impact on human life satisfaction and wellbeing in monetary units found that cat and dog companions are in fact worth up to \u00a370,000 a year in life satisfaction to their owners. This has been concluded using the \u2018life satisfaction approach\u2019, a methodology developed by economists and a process using simple regression analysis to determine the implicit\u00a0price<\/em>\u00a0of different factors or occurrences in life. For example, economists have shown using life satisfaction surveys that marriage, compared to being single, is worth around \u00a370,000 a year for a representative person in Great Britain.<\/p>\n While pets have long been associated with better health benefits both physically and mentally, the direct contribution to life satisfaction had not been conclusive in previous research. The paper published by Social Indicators Research also revealed what personality traits are linked to cat and dog carers. Cat carers were found to be more open whereas dog carers appear to be more extroverted, agreeable and less neurotic. Pet carers in general appear to be more open, conscientious, and extroverted than non-pet carers.<\/p>\n The research was led by\u00a0Dr Adelina Gschwandtner<\/a>\u00a0at Kent\u2019s\u00a0School of Economics, Politics and International Relations<\/a>\u00a0alongside Dr Michael Gmeiner at London School of Economics (LSE).<\/p>\n Dr Gschwandtner said: \u2018This research answers the question whether overall pet companions are good for us with a resounding \u2018Yes\u2019. Pets care for us and there is a significant monetary value associated with their companionship. This information can be used for health care practice and policy aiming to increase well-being and life satisfaction of humans involving pets.\u2019<\/p>\n The research paper \u2018The Value of Pets: The Quantifiable Impact of Pets on Life Satisfaction\u2019 is published by Social Indicators Research. doi:\u00a010.1007\/s11205-025-03574-1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"