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Obama Administration should raise the Cost of Special Lump Sum Death Benefit in Social Security from $250 to $6000

Created by R.F. on September 30, 2012

A surviving widow or widower may be eligible to receive a special death benefit payment of $255 on the worker's record. This payment can be made only to a spouse or minor children who meet certain requirements. The payment in to increased to $6,000.00.

The average funeral costs around $6,000. However, that estimate is based on a price survey taken several years ago. Funeral prices, like everything else, have increased with inflation.

Today, the average North American traditional funeral costs between $7,000 and $10,000. This price range includes the services at the funeral home, burial in a cemetery, and the installation of a headstone. While cremation is gaining in popularity, the traditional funeral is still the most popular manner for disposing of the deceased.

Economy & Jobs
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