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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
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 ]
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.
November 20, 2022 at 10:31 AM. ... 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 ...
President Joe Biden signs the Postal Service Reform Act in the State Dining Room of the White House on April 6, 2022. The act was first introduced on May 11, 2021, by Representative Carolyn Maloney (D-NY). [1] The House of Representatives then passed the bill by 342–92 on February 8, 2022. [4] On March 8, 2022, the Senate voted 79–19 to ...
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It is published in fourteen large volumes (as of 2021) that include twelve volumes containing all the countries of the world that have ever issued postage stamps, the United States Specialized Catalog, and the 1840–1940 Classic Specialized Catalogue (covering the world for the first 100 years that stamps were issued).
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 ...