Funeral homes can sometimes end up making more money from people who are economically disadvantaged for several reasons: 

Lack of Resources and Knowledge: People who are financially struggling might not have the resources or knowledge to plan a cost-effective funeral. They may not be aware of their options for more affordable services and can end up paying higher prices for things they don’t need. 

Emotional Decisions: In the wake of a loved one’s death, families are often grieving and may not be in the best position to make informed financial decisions. This emotional vulnerability can be exploited, leading to higher costs.  In other words, Funeral homes make more money based on your emotions.   

Limited Choices: In some areas, there may be fewer funeral homes, which can reduce competition and drive-up prices. Those who are already struggling financially might not have the means to shop around for the best price.  Look for other options.   

Government Assistance and Insurance: For people who rely on government assistance or insurance for funeral expenses, it is important to note that this funding may not cover all the costs. The funeral home may then charge additional fees that are covered out-of-pocket by the family.  Funerals are required to be paid for in full before the actual funeral is to take place.  Some Funeral homes will not take your policy.  I strongly recommend that you begin to look at various funeral homes and inquire what their policies are for that funeral home. 

Regulatory Issues: The funeral industry is regulated, but the regulations can vary significantly by location. In some cases, there might be gaps or inconsistencies in the regulations that can lead to higher costs.   

Addressing these issues involves improving transparency in pricing, increasing awareness about affordable options, and ensuring that funeral services are accessible and fair to people from all economic backgrounds.

It’s important to stay informed and to plan ahead when planning your or your loved one’s funeral. Learn about more funeral and end-of-life planning resources here.