Millions of Brits have run up unexpected debts – covering the cost of a family member’s funeral. Research polling 4,000 UK adults found 47 per cent have helped pay for a funeral after a family bere…
Millions of Brits have run up unexpected debts – covering the cost of a family member’s funeral.
, also found 62 per cent had to dip into their own savings, while more than a tenth had to borrow money from other family and friends. "The British Seniors Funeral Report aims to help educate people on how to better plan ahead, so to ease the impact and stress on loved ones during an already difficult time.”
People have had to support late loved ones by supplying funding for the coffin, securing the burial plot, paying for the funeral and associated venues, as well as flowers and catering.In spite of this misfortune, more than two-fifths of Brits haven’t set any money aside or taken out life insurance for their own funeral plans.
The study, conducted via OnePoll, also found one in 10 don’t know how much they would need, and 27 per cent worry about the rising cost of funerals.
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