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.
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.
