The Economic Story of the Dying Death Industry

Death is a dying industry with an economic phenomenon.  As Americans perceived value of “traditional” funerals diminish, the cost of funerals have increased nearly 1,328% in just four decades.  In 1960 the average cost of a funeral was $706 when only 3.56% of bodies were cremated.  Today the average traditional funeral costs between $8,000 and $10,000, and about 42% of people are cremated.