The funeral industry isn’t being overly affected by the current US economic issues. Forbes reports that given the aging baby boomer population, the industry is actually looking at a slight upswing.
“People don’t borrow from the 401k to buy groceries or gas. This is a major life event, like a wedding, so people are willing to borrow from their 401k or cash in that life insurance,” said NFDA spokeperson Jessica Koth.