The average funeral cost in the UK is now £3,757*. While this figure remains virtually unchanged from last year (a decrease of £27 or 0.7% to be exact), the average debt that people are taking on to pay for funeral costs is now £1,744 per person**.
What can we learn from these figures?
It’s probably no surprise that ten of the most expensive places in the UK for a funeral are in London. The lack of burial plots in and around the city drives high demand, which in turn leads to increased funeral costs.
But perhaps, more than anything else, the figures highlight the need for future planning when it comes to funerals – if only to secure your funeral costs.
*All figures quoted in this article are taken from the Royal London National Funeral Cost Index 2018.
**Although there has been a 21% fall in the numbers of people experiencing funeral debt from 95,000 in 2017 to 75,000 in 2018, the average amount of debt taken on by those who struggle to meet funeral costs has reached a record high of £1,744 per person, compared to £1,305 in 2014 (Source: Royal London National Funeral Cost Index 2018).
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