Would you give your dog your kidney?

Do you dish out the dough to keep your dog dapper? Spend wads of cash on your cat? The pet industry is big business, with spending predicted to top $60 billion in 2015, according to the American Pet Products Association.

To put it in perspective, that’s about the same as the GDP of Luxembourg, or about what Americans spend annually on the weight loss products.

Yahoo Finance hit the street – actually, the park – to ask New York City pet owners about their spending habits. Some of the more lavish gifts they’d given to their pets? A Louis Vuitton dog carrier that cost almost $2,700, a ticket for a cross-country flight and a custom-made sweater for $120.

Those pricey purchases fall in line with pet spending trends, but even thrifty pet owners should be prepared to pay up to keep their animal companions healthy and happy. 

The ASPCA estimates that 37% to 47% of all U.S. households have a dog, and 30% to 37% have a cat. Their minimum annual costs? A small dog will run you $1,314 in the first year, a large dog $1,843, and a cat $1,035. And they warn that all pet owners should factor in the cost of unexpected vet visits, boarding and training.

We wanted to see just how much pet owners were willing to sacrifice to keep their pets and make sure they were healthy, so we posed some hypothetical questions to pet owners in Washington Square Park. 

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