Death: Your Days are Numbered

September 15, 2016
Advertisement

Guest article provided by: Mylestoned

In the next decade — ironic as it may seem— death will meet it’s maker.

More specifically, the death industry — the $21b a year operation that deals with end-of-life services including grave plots, headstones, funerals, and body “disposal” — will enter into a cash flow death spiral.

Take a good look at the chart below. Spend a moment with it.

Advertisement

If you are in the death industry: Do. Not. Glaze. Over. It.

It is your future.

Before you read anything else: Breathe.

In. Out. In. Out. (drink some water and, please, have a seat if you’re feeling a little lightheaded).

Let’s talk positives. The black line — a rise in US deaths due to the aging of the baby boomer population—has been long hailed as a forthcoming golden age for the funeral industry.

Death rates will rise. That is true. As a funeral director or service provider, it’s hard to not get excited by that (from a business perspective, not a personal one).

But here’s the rub: The purple line.

Oh the purple line. For shame.

The purple line is funeral industry revenue. YOUR money. And that money is dissipating.

Read full article here: https://medium.com/mylestoned/death-your-days-are-numbered-9355a7049a2f

CDFuneralNews

CDFuneralNews

ConnectingDirectors.com is the leading online daily publication for funeral professionals with a reader base of over 45,000 of the most elite and forward-thinking professionals in the profession. With ConnectingDirectors.com we have created a global community through an online platform allowing funeral professionals to Stay Current. Stay Informed and Stay Elite.
CDFuneralNews
Advertisement

You may be interested

WISCONSON VERDICT HAS HHUUGGEE IMPLICATIONS ON THE FUNERAL PROFESSION | FUNERAL nation 117
Funeral Industry News
1039 views
Funeral Industry News
1039 views

WISCONSON VERDICT HAS HHUUGGEE IMPLICATIONS ON THE FUNERAL PROFESSION | FUNERAL nation 117

CDFuneralNews - July 16, 2018

The divide continues in the land of cheese. Wisconsin Supreme Court delivered the final verdict saying Funeral Homes and cemeteries…

Cremation On The Rise: NFDA Predicts The National Cremation Rate Will Climb By A Third Within 20 Years
Funeral Industry News
44 views
Funeral Industry News
44 views

Cremation On The Rise: NFDA Predicts The National Cremation Rate Will Climb By A Third Within 20 Years

CDFuneralNews - July 16, 2018

BROOKFIELD, Wis. -- Over the next 18 years, the rate of cremation in the United States is projected to increase by nearly 30…

Homesteaders Expands Finding Resilience to Include New “Ask Dr. Troyer” Video Series
Funeral Industry News
14 views
Funeral Industry News
14 views

Homesteaders Expands Finding Resilience to Include New “Ask Dr. Troyer” Video Series

CDFuneralNews - July 16, 2018

West Des Moines, IA – Homesteaders Life Company has expanded its popular Finding Resilience burnout prevention program to include a new video series,…

Comments