It’s gotten a whole lot more expensive to die in America

business news

The cost of burying a loved one in America has risen faster than virtually everything else over the last 30 years. 

The Bureau of Labor Statistics just published a fascinating look at the cost of dying in the US… because it’s Halloween. The chart below shows that the price index for funerals has risen almost twice as fast as consumer prices for all other items. 

Producer prices for caskets rose 230% from December 1986 through September 2017, while prices for all commodities increased 95.1%. The data is not seasonally adjusted. 

As casket costs surged, the rate of cremations surpassed burials in 2015 for a second straight year, according to the National Funeral Directors Association. Its data showed that the median cost of a funeral with viewing and burial in 2014 was $7,181, and $6078 for a funeral with viewing and cremation. 

SEE ALSO: This could be the best place to die in America

DON’T MISS: Here’s what happens with your stuff after you die

Join the conversation about this story »

NOW WATCH: $6 TRILLION INVESTMENT CHIEF: Bitcoin is a bubble

Комментариев нет

Добавить комментарий

Этот сайт использует Akismet для борьбы со спамом. Узнайте как обрабатываются ваши данные комментариев.

business news
Trump’s trade fight and the unwinding of a $3 billion bet are clobbering copper

Copper prices on the London Metal Exchange slipped below $6,000 for the first time in a year Thursday. Analysts say trade escalations are weighing on a market already under pressure. An unwinding of a $3 billion long position put pressure on prices earlier this month.  Follow copper in real time …

business news
Trump threatens to slam a massive tariff on European cars, which could cause economic chaos

President Donald Trump on Friday threatened to impose a 20% tariff on imports of cars from the European Union. The move would be a huge escalation of Trump’s ongoing trade conflict with the EU. Trump already hit Europe with steel and aluminum tariffs, angering EU leaders and triggering retaliation. President …

business news
Bitcoin’s rough patch looks like the Nasdaq during the tech bubble — except it’s moving 15 times faster

Bitcoin fell as much as 70% from its mid-December high through its recent early-February low. The cryptocurrency’s price chart mirrors that of the Nasdaq Composite Index during the dotcom bubble era, but there’s a catch. Historical fluctuations in the Nasdaq should provide a template for how bitcoin will trade going …