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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 ...
The previous increase was in August 2021, when the USPS raised the price of a first-class stamp from 55 cents to 58 cents. ... The Liberty Bell design remained the only Forever Stamp until 2010 ...
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.
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]
Back in July, the price of a first-class stamp jumped from from 68 cents to 73 cents, marking the largest increase since 2019. The USPS has steadily raised postal rates in recent years, with stamp ...
USPS also says that the 4.2% increase for First-Class Mail will help offset inflation. The Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) on Nov. 10, showing a 7.7% ...
The Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six-day-a-week delivery of mail.