In the early 90s, Mike Perry found himself in a tough spot. He was living a carefree life when he was asked to take in a black mutt named Wisdom. What began as a reluctant favor evolved into something much deeper &#8212; a bond that would reshape Mike’s financial future, even long after Wisdom was gone.
This week, as part of our miniseries on grief and money, we explore how our love for pets shapes our financial decisions. Mike’s journey with Wisdom takes him from heartbreak to an unexpected windfall. And then later in the episode, we ask: is there such a thing as spending too much on our pets? Reema Khrais talks with Marketplace’s Kimberly Adams about the emotional and financial costs of caring for a beloved pet in their final days.
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