Funeral Cost In 2030 Analysis

Looking Ahead: Projected Funeral Costs vs. Cremation Costs in 2030

Have you ever thought about what the price for your funeral or cremation might be? If you are not facing end-of-life circumstances, then the answer is probably not. However, maybe you should because a typical funeral cost is significant and a major expense to families.

Let’s get back to your funeral, and let’s say that you die in 2030. What is the cost estimation for a funeral or cremation in 2030? Furthermore, how would the funeral and burial cost combined, compare to a cremation diamond cost? You might be surprised when we compare these rates and prices as to what your options for the death care of a loved one might be and where the biggest value lies.
How Inflation Rates
According to inflationdata.com, the annual inflation rate has been an average of 3.43 percent annually since 1913. Based on data from EE Broker, this means that the average funeral in 2030 is projected to be right around $15,000.

Let’s compare that cost estimation for a funeral to the projected cost of cremation in 2030. Data from AARP indicates that the current average cost of cremation services in the United States is approximately $3,300. Using this same inflation rate of 3.43 percent, the projected amount of money that will be spent on cremation in 2030 is around $6,500.
Cremation Provides Many Options for Remembering a Loved One

To put those projected expenses into perspective - currently, and in the future, it will cost more than double the amount of money to pay for a funeral service and burial, than it does to have a
Transform the ashes into music by having them turned into a vinyl record. Family members can choose the music to be put onto the record and the photos or images to be used on the album cover.
Create a treasured reminder of time by having the ashes turned into an hourglass. While these hourglasses cannot be used to keep exact time due to the consistency of cremated remains, these hourglasses can be passed on from generation to generation and serve as a symbol of the passage of time.
Lower Cost of Cremation Provides More Options to Families
When you analyze the cost of cremation versus the cost of a funeral, you will see that now and projected in 2030, the cremation business provides more affordable means of death care as opposed to funeral options.

Families can have a surplus of money left over if they decide to cremate the deceased instead of paying for a typical burial and funeral service. The amount of money left over is more than enough to pay for memorial diamonds or another type of keepsake that will last for years even after the funeral service is over.
Planning Ahead for Your Final