In the Philippines the business with death is booming: Even young people are already making arrangements for their funerals.
Since the Covid pandemic, there has been a trend on the archipelago that is unusual for Europeans. Young adults are taking out insurance policies for their own funerals.
In the Philippines, a growing trend has emerged since the Covid pandemic, where young adults are purchasing insurance for their own funerals. Forest Lake, a company that operates modern memorial parks, offers various packages, including standard and premium options, with prices starting at 50,000 pesos (around 650 Swiss francs) for a basic plan.
The company's CEO, Alfred Xerez-Burgos, says that a quarter of their customers are now under 30, and that the demand for funeral planning is high due to the country's Catholic tradition of holding lengthy wakes and expensive funerals. Forest Lake currently operates 42 memorial parks and plans to expand to 100 in the future.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
