Research carried out by OnePoll asked 1,000 people aged 50 and above whether the current cost of living crisis would make them more likely to select a funeral that only covered an unattended cremation, with no service or mourners, to save money.
The survey was commissioned by the pre-paid funeral plan provider, Ecclesiastical Planning Services, and whilst 43% disclosed that the current economic climate would not affect their funeral choice, 28% of those over 50 said they would be more likely to keep the cost down by purchasing a funeral plan based on an unattended cremation, with no service or mourners. The remaining participants were undecided.
Interestingly, there was a variation in responses across the different age groups. The survey revealed that the current cost of living crisis would limit the funeral selection for 42% of 50-55-year-olds, compared to 24% in the 66-70 age bracket. Furthermore, 55% of the 56-60-year-olds said that their funeral choice would not be affected.
From a regional perspective, the survey further highlighted that 39% of people living in Northern Ireland would choose to save money on their funeral arrangements in this way. This compares to just 13% in the North East of England and 14% in London.
Whilst it’s clear that for many people the financial impact of their funeral is a real concern, these findings show that most over 50s don’t intend to cut costs when it comes to choosing their funeral plan arrangements. Indeed by arranging financial provision via a pre-paid funeral plan, either for a lower cost unattended funeral or a more expensive funeral with a service and mourners, it’s possible to provide real support for loved ones at what can be a difficult time.