STAMP SHOCK: U.S. Postal Service Hikes Prices AGAIN!
GET READY TO PAY MORE! The U.S. Postal Service (USPS) is planning to raise the rates on its infamous Forever stamps, climbing from 73 cents to a staggering 78 cents! That’s a jaw-dropping 6.8% increase, set to hit your wallet on July 13.
This shocking move marks the 20th price hike since the year 2000, proving that Uncle Sam isn’t letting up when it comes to squeezing those pennies. In their defense, USPS claims Forever stamps are still “among the most affordable in the world.” But is that really a consolation when you’re digging deeper into your pockets?
STAMP PRICES: A STEADY CLIMB!
The last time we felt this bitterness was in July 2024, when the price surged from 68 cents to 73 cents. And hold onto your letters! If approved, this isn’t just a one-time jump. USPS has FOUR MORE increases lined up through 2027!
In a twist of fate, USPS tried to hold off price hikes earlier this year, banking on a cooling inflation wave. But don’t let that fool you – they now claim that hikes are necessary for financial stability as they push forward with their ambitious 10-year plan, “Delivering for America.”
POSTAGE PRICE HIKE PANDEMONIUM!
But it’s not just stamps that are facing the axe! Buckle up for a slew of other proposed increases, including:
- 1-ounce metered letters: Soaring from 69 to 74 cents!
- Domestic postcards: Jumping from 56 to 62 cents!
- International postcards: Climbing from $1.65 to $1.70!
- 1-ounce international letters: Up from $1.64 to $1.70!
- Additional-ounce letters: Rising from 28 to 29 cents!
And, a rare glimmer of hope, they promise a 12% reduction in postal insurance – but is that enough to distract from the tidal wave of hikes?
POSTAL SERVICE IN TURMOIL!
This proposal drops during a disastrous period for the USPS, revealing a mind-boggling $9.5 billion net loss for the 2024 fiscal year – an increase from a $6.5 billion loss last year! With chaos erupting, former Postmaster General Louis DeJoy stepped down in March, as whispers of privatization loom large, raising eyebrows and concerns over legality.
WHAT’S NEXT?
The Postal Service has provided no guarantee that they won’t continue this relentless price inflation! While the stamp collectors and letter senders hold their breath, only time will reveal the fate of the USPS amid this chaotic landscape.
Will you end up paying more to mail your love letters? Stay tuned, because things are about to get even more outrageous with the Postal Service!
photo credit: money.com
