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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 price of first-class Forever stamps increased from 68 cents to 73 cents July 14, an increase of more than 7%. When the USPS launched the Delivering for America plan in 2021, Forever stamps ...
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]
Between 2021 and 2023, USPS has raised the postage rate four times. [150] In May 2023, USPS reported a $2.5 billion loss over the year's first quarter, with approximately $500 million of that figure related to costs within the agency's control. [151] It also reported that its projected ten-year losses had been reduced from $160 billion to $70 ...
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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In announcing its decision to adopt non-denominated postage in 2006, Canada Post noted that it had to print more than 60 million one-cent stamps following the last price increase in 2005. [3] The Canadian NVI program was essentially equivalent to the American NVI program, as both covered regular domestic first-class mail.
The proposed changes will shave about $3 billion a year, the USPS said on Thursday. But, it added, "Depending on location, time and distance, expected time to deliver will increase for some ZIP ...