• Posted on Monday, April 6, 2009
  • Bookmark and Share
  • email
  • |
  • print
  • |
  • rss

tool name

close
tool goes here

Recession has funeral homes cutting costs

email this story print this story jump to comments

About two weeks ago, the grass outside one South Florida business had become too brown to bear.

So Riverside Memorial Chapel office manager George Camargo put in fresh sod himself, saving somewhere between $500 and $1,000 in labor costs.

As the bereaved look to shave the costs of saying goodbye to their loved ones, funeral homes are, in turn, cutting their budgets. While Ben Franklin's old adage still holds true – that the only two things certain in life are death and taxes – funeral director Patty Ralph said that certainty doesn't guarantee a high profit margin during economic downturns.

"It doesn't matter what type of business you're in. Everybody is facing the same crisis," said Ralph, of T.M. Ralph Funeral Homes. The business has facilities in Weston and Plantation.

A new survey by the National Funeral Directors Association shows that funeral home revenue is weakening as more consumers opt for cremations, less expensive caskets and wakes, and shorter viewing periods. And the trusts and stock funds funeral homes use to invest money from prepaid clients are suffering.

Other than cutting costs, funeral homes have few choices, said fourth-generation funeral director Jim Mumaw of Mumaw Funeral Home in Lancaster, Calif.

To read the complete article, visit www.miamiherald.com.

  • Bookmark and Share
  • email
  • |
  • print
  • |
  • rss

tool name

close
tool goes here
JOIN THE DISCUSSION

We welcome comments. To post one, you must sign in using either your McClatchyDC login or your login for Facebook, Twitter or Disqus. Just click the appropriate box below.

Please keep your comment civil, short and to the point. Obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. If you find a comment abusive or inappropriate, please flag it for the moderator by placing your cursor on the comment, then clicking the "flag" link that appears. Thanks for your participation.

Stay Connected

Sign up for email newsletters RSS
Follow us on your iPhone Follow us on your Android device
Follow us on Facebook Follow us on Twitter Follow us using Google Currents