preview

Is the Funeral Industry Affected by Recession

Better Essays

How the funeral industry is being impacted and changed by the Global Recession? Benjamin Franklin’s old adage “in this world nothing can be said to be certain except death and taxes” has never been truer. However, if he was around today he might change his spelling of “death” to “debt”. Taxes in Ireland have increased recently and the forthcoming emergency budget looks certain to bring further misery to the population. So while governments are busy collecting whatever taxes they can, people are still dying! You are born and then you die, it is a simple fact of life. In fact the portion in between we call life is the uncertain part. When you die you will require the services of an undertaker / funeral director. They are there to tax you one …show more content…

Laurence Shatkin seems to think that the industry is recession proof. He ranks a funeral director at number 84 in his recent book “150 Best Recession Proof Jobs”. Yes the work will continue to come and as the baby boomers come of age, so to speak, the funeral industry doesn’t look like slowing down. However, it is not just the people that are dying, the profits are too! People have become more cost conscious as a consequence of the recession and even in their time of grief they are starting to shop around for the best deal to bury their loved ones. Remember, death can be sudden and unplanned and a costly funeral will rarely be budgeted for. A funeral is a celebration of someone’s life and often the extravagance is a reflection of the respect for that person. Irish people are famed for their funeral celebrations otherwise known as a “good send off”. Nobody wants to cut back on any of the customs associated with a traditional funeral, however, Dermott Jewell of the Consumers Association of Ireland has said “I don’t think anyone can underestimate the difficulty of asking questions or querying things at the time of a funeral but the fact is, you are availing of a service that comes at a cost and it can be quite extreme. There are alternatives and you do have a choice. There is a personal barrier there that you may be seen as being mean but nobody should think in that vein” The alternatives are straight forward. Choose a less ornate coffin;

Get Access