ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Why is cremation becoming so popular?

In recent years, cremation has become increasingly popular to handle the remains of loved ones who have passed away. There are many reasons for this trend, ranging from personal and cultural preferences to financial considerations. One of the driving factors behind the rise in cremation rates is the high cost of traditional burial services, which can be a burden for many families. As a result, more and more people are turning to personal loans for funeral expenses and choosing cremation as a more affordable option.

These loans have become more widely available in recent years as lenders recognize the growing need for financial assistance during difficult times. They can be used to cover a range of expenses associated with funeral services, including cremation fees, urns, and other memorial items. Handling arrangements after a loved one passes is never going to be easy, but it shouldn’t create financial difficulties at the same time.

Cremation stats

In 1960, the national average in the U.S. for cremation was just 3.56%. Compare that to 2021, where the cremation rate was 57.5%. These numbers are expected to increase to 64.1% by 2025. If you think these numbers are high, look up north to our neighbors in Canada. In 2021, they had a cremation rate of 74.8% and it’s expected to rise to 81.8% by 2025. Keep in mind that Canada has significantly less deaths than the U.S., though. The U.S. had over 10 times the amount of deaths in 2021, so it’s difficult to say if these trends would hold if Canada was on the same scale. However, it’s clear that Canadians have adopted cremation as the primary technique for parting with loved ones.

Why we might be seeing this trend

Financial considerations are not the only reason why cremation is becoming more popular. For many people, choosing cremation over traditional burial is a matter of personal preference or cultural tradition. In some cultures, cremation has been a common practice for centuries, while in others, it is a more recent trend that reflects changing attitudes toward death and mourning.

Another factor contributing to the rise in cremation rates is the increasing focus on environmental sustainability. Traditional burial practices often involve the use of embalming chemicals and non-biodegradable materials, which can harm the environment. Cremation, on the other hand, is generally considered a more eco-friendly option, as it does not involve the use of harmful chemicals, and the ashes can be scattered in a variety of natural settings. This could also be therapeutic for loved ones to be able to scatter ashes somewhere the person loved.

Of course, there are also some who choose cremation simply because it feels like the right choice for them and their loved ones. Whether it is for personal, cultural, financial, or environmental reasons, the decision to choose cremation is a deeply personal one that should be made with care and consideration.

 Bottom Line

Cremation is becoming an increasingly popular option for families who are looking for a more affordable, eco-friendly, or culturally appropriate way to handle the remains of their loved ones. With the availability of personal loans for funeral expenses, families can ensure that they can provide a respectful and dignified final farewell without incurring excessive debt. Ultimately, the decision to choose cremation or traditional burial is a deeply personal one that should be based on a range of factors, including financial considerations, cultural traditions, personal beliefs, and environmental values.

Contact Information:

Name: Michael Bertini
Email: press@credello.com
Job Title: Consultant

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.