USPS Stamp Price Increase

SOURCE www.breitbart.com
The USPS has proposed a 7.8% price increase for stamps to achieve financial stability, with various stamp prices set to go up by up to ten cents. This would be the sixth price increase on mail products since 2020.

Key Points

  • Sixth price increase on mail products since 2020
  • Price adjustments for Special Services products like Certified Mail and money order fees
  • Part of the Delivering for America 10-year plan to achieve financial stability

Pros

  • Proposed price increase aims to achieve financial stability for USPS
  • No increase in Post Office Box rental fees
  • Price reduction of 10% for postal insurance

Cons

  • Price increase affects customers mailing letters and postcards
  • USPS reported a $6.5 billion net loss in the previous fiscal year
  • Stamp costs have risen by 50% over the last four years