Material World

Cats and dogs have never had it so good. Hosts Lindsey Rupp and Jenny Kaplan explore the $63 billion U.S. pet industry. As Americans wait longer to have kids, they're spending more on their furry relatives instead, from pet insurance and premium diets to Halloween costumes. To break down the changes in the industry and find out if all this money actually makes a difference to our speechless friends, our hosts talk with celebrity chef Rachael Ray, who launched her own pet-food line called Nutrish, a New York City veterinarian and representatives from Petco and PetSmart.