Funeral homes face rising costs and competitive pressures at the same time that clients opt more frequently for lower-cost services such as cremation. Cremations have outpaced burials for the past five years, and predictions from the National Funeral Directors Association (NFDA) indicate cremation will make up 80% of the funeral services marketplace by 2035. A […]
Not everyone can afford a nice memorial service, funeral, and burial. Census data shows that nearly 38 million people in the U.S. fall below the poverty line, and another 90 million people are still considered poor. At the same time, only about half of families have life insurance to help cover costs when a loved […]
Over the past few years, the funeral industry has seen declining profits. Families are opting for lower-cost services and cremation to save money. In fact, the National Funeral Directors Association (NFDA) reported that the average funeral home’s profit has declined by 37%. As a business, funeral homes have had to find ways to streamline operations, […]
More than 1.7 million people in the U.S. were served through hospice care in 2020, the most recent reporting year. While patients receive high-quality medical and emotional support during end-of-life, many families need help with funeral expenses when the time comes. There are a few programs that can help. Some state and local governments provide […]
The cost of a funeral is probably the last thing you’ll want to think about when someone you love falls seriously ill, has a life-threatening illness, or is entering end-of-life. Hopefully, an insurance policy is in place, or you have the resources to pay for funeral costs. However, only some families can do so. On […]