Funeral Planning, Recession-Style
During the downturn in the economy, there’s still one industry with a steady supply of paying customers and business doesn’t look to end anytime soon. That’s because those in the multi-billion dollar funeral industry survive by the simple fact that people keep kicking the can, and their relatives are usually willing to dole out the dough to send Grandma Sue off in high class. But, according to the National Funeral Directors Association, the average cost of a traditional funeral is $7,323, which doesn’t include burial costs. Burial plots and other expenditures can push the total to $10,000 or more. That’s not cheap during thick times and it can be a downright hardship during the lean times.
