Grave situation for city’s funeral homes as death rate drops and customs change – Crain’s New York Business
“Underlying all these pressures—the real estate boom, the rise in cremations, the changing neighborhoods—something more fundamental is buffeting the industry: New Yorkers just aren’t dying like they used to. New York City’s death rate has plummeted over the past 25 years, even as the population has grown by 1.2 million. The 53,000 deaths recorded in the city in 2014 were down from 76,000 in 1989. That’s a 30% drop in potential customers.”
July 24, 2016 12:01 a.m. Grave situation for city’s funeral homes as death rate drops and customs change Once seen as recession-proof, the funeral industry is in a death spiral—except for owners willing to adapt to a new generation of the dead By Hilary Potkewitz Comments Email Print × Photo: Buck E…
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