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This follows an increase in January 2024 and marks the sixth increase since January 2021. Despite these ongoing price hikes, the United States maintains relatively inexpensive postage compared to other developed countries. A 2024 study by the USPS Inspector General found that the U.S. had a lower stamp price than 26 out of 30 comparable countries.
The previous increase was in August 2021, when the USPS raised the price of a first-class stamp from 55 cents to 58 cents. Find: 9 Best Dollar Tree Items for Fall 2022
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Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]
The increase is part of the USPS's 10-year "Delivering for America" initiative which intends to make the postal service profitable and self-sufficient.
The full eagle logo, used in various versions from 1970 to 1993. The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, its insular areas and associated states.
The United States Postal Service announced plans to raise the price of Forever stamps and other postage for 2023. Upon approval from the Postal Regulatory Commission, USPS says the cost of first ...
Each year, the Postal Service receives thousands of letters and petitions from the American public proposing stamp subjects. Established in 1957, the Citizens’ Stamp Advisory Committee (CSAC) reviews all of the proposals and selects stamp subjects that will be of enduring interest to large segments of the American population.