cremation costs

What is “Services” inflation and does it matter for funeral service?

By Funeral Director Daily / June 12, 2023 /

      This week may turn out to be one of the most consequential in recent times as to showing a direction as to how the economy turns going forward.  There seems to be a lot of positive movement in the American economy at this time as just last week the S&P 500 worked…

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The Producer Price Index and what it may mean for Death Care in 2023

By Funeral Director Daily / December 12, 2022 /

I was on my way to a local chapter board meeting of Junior Achievement on Friday morning and listening to business radio.  It was at that time that the Producer Price Index (PPI) for the month of November was announced as well as was the PPI for the service industry.  Just for the record, the…

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Article: “Funeral industry trying to hold the line as costs soar”

By Funeral Director Daily / July 6, 2022 /

Over the holiday weekend Fox Business published the article referred to in our headline here.  It’s an article that is actually positive to the funeral industry but does tell of the fact that eventually, as costs rise, funeral costs to consumers will have to rise also. The article points out that even though the United…

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The Cost of Cremation

By Funeral Director Daily / May 13, 2022 /

Earlier this week I came across this article on how the State of Hawaii is now poised to become the 22nd state of the United States that will legalize alkaline hydrolysis.  I’ve said before that even though it has been since 2003 that the first state in the country legalized alkaline hydrolysis — that’s almost…

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Funeral costs drop in research poll for first time since 2004 inception

By Funeral Director Daily / February 14, 2022 /

Since I started this blog in 2017 and continuously look for interesting topics for the readers, I’ve come to anticipate the annual research paper from Sun Life entitled the Sun Life Cost of Dying Report.  While it comes out of Great Britain it is a great resource for me and what I have come to…

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College research shows distinction between preneed and at need funeral purchases

By Funeral Director Daily / June 7, 2021 /

An article entitled “Relational Spending in Funerals:  Caring for others loved and lost” appeared in the March edition of the Journal of Consumer Psychology.  The research for the article was done by assistant marketing Professor Sarah Whitley of the University of Georgia’s Terry College of Business. In this article about the study you can read…

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Watch your costs to hold onto profits

By Funeral Director Daily / May 18, 2021 /

When I last wrote an article pertaining to inflation one of Funeral Director Daily’s readers contacted me to tell me that his studies indicated that funeral pricing increases did not always correspond with inflationary rates or the rise of the Consumer Price Index.  Sometimes funeral pricing was higher and sometimes it was lower than the…

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As California goes. . . so goes the nation?

By Funeral Director Daily / October 29, 2020 /

We are in the season of elections and when I was younger there was an old adage of Presidential elections that went like this, “As Maine goes, so goes the nation.”  I recently read this article in the Los Angeles Business Journal entitled, “Business Slows for LA Funeral Homes”, and wondered if as the funeral…

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Will regulations kill small town funeral homes

By Funeral Director Daily / October 13, 2020 /

I started to read this linked article from Fort Wayne Business that you can access here with the thought of including another story on a locally owned small town funeral home investing in their community by building new facilities to serve the people of that community.  The article deals with owners Miles and Tarah Wilson…

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Does more money = more services??

By Funeral Director Daily / September 18, 2019 /

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…

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