Photo: ElvertBarnes via Flickr
Death-related costs have risen 20% over the past four years, making it an expensive endeavour for many families, according to the Guardian.In the U.K, death-related costs, including funerals, probate costs and memorials, run an average of $11,477, according to research from Sun Life Direct.
That’s an increase of 20% since 2010 and over $630 since 2010, the Guardian said.
The biggest hike comes in the cost of funerals, which has increased 61% over the past seven years, and will likely continue to inflate.
Even worse, people are unprepared to deal with the hefty costs of leaving this world.
From the Guardian:
More than a quarter (26%) of participants in the survey admitted they had made no plans for the practicalities of later life, while 87% had made no arrangements regarding where they will live and how they will be cared for if they are unable to look after themselves in old age.
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