Tag: Funeral costs

A funeral bill with some history
Uncategorized

A funeral bill with some history

I came across an interesting article the other day from The Pantagraph of Bloomington, Illinois.  The article, that you can read here, simply relates to an 1893 funeral bill that was donated to the McLean County Museum of History.  It’s interesting to look at the billing statement which is illustrated in the article and see that, among other items,  a casket was sold for $90 and that eight carriages at $3 apiece were used. The total funeral bill from the […]

InvoCare to “back down” on administrative fee
Business

InvoCare to “back down” on administrative fee

  An article that you can see here from Choice indicates that Australian funeral market leader InvoCare will back down on an “administrative fee” that is added to all funeral statements.  According to the article, InvoCare’s Keiron Humbler, when asked about the removal of this fee commented, “That’s the plan”. Funeral Director Daily first told our readers of the complaint in this article last November.  In essence, this fee of $320 detractors contend, is a “late fee” added before the […]

Economic downturns and the funeral industry
Business

Economic downturns and the funeral industry

In America we have been fortunate that in my lifetime forces have kept the economy stable.  Yes, I can remember when I started in the business that bank certificate of deposits on funeral trust funds paid 16% annually – but that was for a very short period of time.  The economic stability of America lets businesses plan and execute with only the very remotest threat of a depression or drastic economic downturn. Contrast that with what is happening with our […]

How to pay for failing cemeteries? — This county thinks it can pass a property tax
Cemetery

How to pay for failing cemeteries? — This county thinks it can pass a property tax

This is not the first time that we have discussed the issue of neglected, abandoned, or just plain financially failing cemeteries on this forum.  However, this might be the first time where a county is to the point where they may bring the issue to the voters in order to create a dedicated funding stream for such. According to this article from the California Mountain Democrat, the El Dorado County Board of Supervisors recently voted 4-1 to move forward and […]

Does more money = more services??
Business Preneed

Does more money = more services??

It’s a habit that I just can’t seem to let go of.  I’m just business oriented and when I read something I have this habit of taking the information and transforming it into how it may or may not affect the business that I am in.  As some of you know, I’m an early investor in a nationally growing food delivery business and just the other day the State of California noted that they will be looking to move some […]

Crowdfunding. . . and funerals. . . growing?
Products

Crowdfunding. . . and funerals. . . growing?

Over the past couple of years Funeral Director Daily has written some articles on the idea of going to a mass funding site to pay for funeral expenses.  We don’t know much about this, but we do know that it is a growing phenomena – not only with funerals – but with other large expenses incurred by families who seemingly don’t have the funds to pay for what they need. . . or want. Here is a recent article we […]

Dignity Plc reports fewer services, lower profits
Finance

Dignity Plc reports fewer services, lower profits

Great Britain’s leading purveyor of death care services reported that for the first 13 weeks of 2019 that they have had fewer services and lower profits than the first quarter of 2018.  In a statement very similar to first quarter United States public death care companies, Service Corporation International and Carriage Services, Dignity Plc said that deaths in Great Britain were down about 13% in 2019 as compared to the number of deaths reported in the first 13 weeks of […]

Bloomberg:  Price War to hit UK Funeral Sector
Finance

Bloomberg: Price War to hit UK Funeral Sector

In an article published earlier today on Bloomberg.com that you can read here, it is reported that the Competition & Markets Authority (CMA) of Great Britain report that “price increases over the past decade, particularly by larger chains, can’t be justified by higher costs or quality improvements”.  The CMA goes on to suggest a proposal for a major probe into the industry by a CMA panel. Earlier this year, Dignity PLC, the largest player in the UK funeral market, reduced […]

Will that be Cash, Credit, or Crowdfunding?
Preneed

Will that be Cash, Credit, or Crowdfunding?

  About a year ago Funeral Director Daily ran an article when we learned that some people were using crowdfunding sites to help raise the money needed to pay for the memorial expenses that they chose for their loved ones.  We recently read an article in the United Kingdom’s Independent entitled, “We had to beg for money to bury mum.”  You can read the article here. The article points out the difficulty a family had when their 49 year old […]

Cost of Burial Continues to Grow
Business

Cost of Burial Continues to Grow

The United States Department of Labor published rates on the rising cost of death as their October 31 piece in the Economics Daily platform.  From here you can see the full article with a graph which indicates some of the following: From December 1986 to September 2017 funeral expenses rose 227.1% In that same time period, all other items in the CPI rose 123.4% Caskets rose in that time period 230% Commodity pricing was less linear and rose a total […]