Having and raising pets does not indicate poverty and poor living conditions, but rather the opposite can indicate well-being

Not the ownership per se but there are observable trends suggesting that particular, fashionable breeds or species are common in socially deprived areas where poverty is rife.

There is a lot of research that suggests owning companion animals can lead to well-being but equally having responsibility for companion animals when finances are constrained can be a source of anxiety and stress and reduced welfare for the animal because of poor (cheap) diet and lack of veterinary care, especially prophylactic care.