William Eichler 31 August 2017

Funeral debt at ‘all-time high’, research reveals

Funeral debt has increased to an all-time high as funeral costs increase, research reveals.

Royal London National Funeral Cost Index 2017 has revealed that funeral poverty has reached an all-time high of £160m with those struggling to pay funeral costs taking on an average debt of £1,680.

It also found the average cost of a funeral has increased to £3,784.

One in six (16%) of those who took part in Royal London’s annual study said they struggled with funeral costs. Many people reported taking on an average debt of £1,680.

Among those who struggled, one in four said they borrowed money from family and friends (26%) and a further one in four (23%) went into debt by taking out a loan or going into their overdraft to pay funeral costs.

A record number of people were also selling their possessions to repay funeral debt, with one in 10 (10%) of those struggling with funeral payments taking this approach. 

For a second year, Kensal Green in London is the most expensive location in the UK for a funeral with an average cost of £6,516, an increase of 1% from 2016. Belfast retains its place as the cheapest location with the average cost of a funeral at £3,036.

The research found ‘no frills’ funerals are popular. Of all the cremation funerals held, 10% did not include a ceremony or service.

The combined spending on venue and catering for funerals has increased by 10% from £765 in 2014 to £840 in 2017.

‘The decline in funeral inflation we identified last year was a temporary respite, as our latest research shows funeral costs are on the rise again,’ said Royal London’s funeral cost expert, Louise Eaton-Terry.

‘With thousands of bereaved people struggling to pay funeral costs and taking on nearly £1,700 in debt to ensure their loved one has a decent send-off, it is clear that Government action to tackle funeral poverty is long overdue.’

Royal London called on policymakers in England, Wales and Northern Ireland to follow Scotland’s lead and do away with the fees charged by doctors to bereaved families for certifying a death, currently around £164.

‘The Scottish government is leading the way with its commitment to providing help and guidance on funeral costs for consumers,’ continued Ms Eaton-Terry.

'We want Westminster to follow Scotland’s lead and do more to address the issue of rising funeral debt.’

SIGN UP
For your free daily news bulletin
Highways jobs

Senior Social Worker

London Borough of Richmond upon Thames and London Borough of Wandsworth
£46,206 - £55,992
Senior Social Worker
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Waste Operations Support Officers

Durham County Council
£29,071 - £32,046
Temporary until 1 June 2029   Refuse and Recycling are looking for 3 Waste Operations Support Officer to work in the South and East of County Durham. Peterlee
Recuriter: Durham County Council

Recovery Worker

Durham County Council
Grade 7 - £31,015 – £34,811 per annum.
Do you want to make a real difference to the lives of people experiencing hoarding and self-neglect behaviours?   As an Agile Recovery Worker within o Durham
Recuriter: Durham County Council

Finance Officer

Durham County Council
Grade 7, £30,024 - £33,699 per annum. Pay award pending.
We are seeking a Finance Officer to join DurhamLearn, where you will play a key role in supporting the financial administration, budget monitoring and Durham
Recuriter: Durham County Council

Social Work Consultant

Durham County Council
Grade 13 - £47,181 - £51,356 (Pay Award Pending)
Do you believe every child deserves to grow up feeling loved, safe, and supported, with a lasting sense of family, belonging, and stability?   Are you Durham
Recuriter: Durham County Council
Linkedin Banner