Forever Stamps Get A Big Price Hike
The cost of mailing a letter just went up. Starting this week, the U.S. Postal Service raised the price of a ‘forever stamp’ from 50 cents to 55 cents. It’s…
SAN FRANCISCO – MAY 11: A brochure with information on the “forever” stamp is displayed on a counter at a post office May 11, 2009 in San Francisco, California. The price of a first class postage stamp is increasing two cents to 44 cents today as the US Postal Service struggles with rising operational costs. (Photo by Justin Sullivan/Getty Images)
Justin Sullivan/Getty ImagesThe cost of mailing a letter just went up. Starting this week, the U.S. Postal Service raised the price of a 'forever stamp' from 50 cents to 55 cents. It's only a nickel, but the ten percent hike is actually the biggest price increase ever for the USPS. Priority Mail rates are also going up by about 70 cents. The Postal Service has been losing money for years, posting a $3.9 billion loss in 2018. The biggest reason is that fewer and fewer people are sending things through the mail, but Postmaster General Megan Brennan says a 'flawed business model' is also to blame. How often do you send things through the mail these days?
