Is crowdfunding the best way to pay for a funeral?
The New York Times covers this social phenomena now that the average cost of a funeral is about $10,000.
13% of GoFundMe campaigns were for burial costs in 2017 and “17 percent of adults aged 20 to 39 had used the internet to solicit or donate money for funeral-related arrangements.”
It’s gotten so prevalent that funeral homes are now getting waivers from the families in case something goes awry with the payments.
And fraud is increasing where families take the money and run or under report the amounts raised leaving the undertakers to eat the loss.
One guy called it the “modern day equivalent of a bake sale.”