PROJECTED FUNERAL INDUSTRY GROWTH RATES

In 2002 annual funeral home industry sales revenue was approximately $12 billion (1997 U.S. Census of Services Industries [NFDA], 2000). From 1980 to 2000 the funeral home industry had a flat nine percent growth rate. Projected growth rates into the future are expected to be in the double digits (see Graph 1) largely due to the aging baby boom generation.

Source: Forum Empresarial: University of Puerto Rico