US Postal Service considers increasing price of stamps this summer

It’s no secret the cost of living continues to increase what seems like day by day. From groceries to gas to daycare to rent, it’s extremely difficult for many to keep their heads above water.

Now, the US Postal Service is considering a price hike that could potentially price many people out.

Keep reading to learn more.

According to reports, the USPS filed a notice with its regulators to increase prices on its First-Class stamps. The federal agency wants to increase the price of a stamp from 68 cents to 73 cents.

If approved, the change would take effect in mid-July.

While various USPS products have seen price increases over the years, the First-Class stamp has seen a significant increase since early 2019 when it was 50 cents. Over the last four years the price has increased 36 percent.

The last time we saw an increase in the cost of a stamp was January, only a few months after the USPS raised the price by three cents.

The federal agency stated the changes were “needed to achieve the financial stability” that Postmaster General Louis DeJoy proposed in 2021.

While many may complain about the potential increase, “USPS prices remain among the most affordable in the world,” the statement read.

The proposal also includes increasing the cost of sending a postcard and an international postcard.

What do you think about the potential for a price increase? It’s likely that there aren’t as many people using First-Class mail anymore because of online communication, but still 73 cents for a stamp? That’s a lot.

Related Posts

The Shocking News About Kate Middleton Are True, And We Are In Tears

The Shocking News About Kate Middleton Are True, And We Are In Tears

Kate Middleton revealed her cancer diagnosis less than a year ago, and she has since declared that it is in remission. The Princess of Wales revealed in…

One Month Before a Heart Attack, Your Body Will Alert You: Here Are the 6 Symptoms!

One Month Before a Heart Attack, Your Body Will Alert You: Here Are the 6 Symptoms!

In the last couple of years, heart attacks have become very common among the worldwide population. Unfortunately, they’re the number 1 reason for death in the world….

Little-known mistakes and bloopers in Dukes of Hazzard

Little-known mistakes and bloopers in Dukes of Hazzard

The 1980s were a golden era of television, and The Dukes of Hazzard was a standout show that captured the hearts of millions. Filled with action, humor,…

Former child star Rory Sykes dies in LA fires

Former child star Rory Sykes dies in LA fires

The entertainment world is reeling from the tragic loss of Rory Sykes, a British-born former child star, who died in the devastating California wildfires. Known for his…

We Moved Into a Late Man’s House, and Every Day a Dog Came to Us – One Day, I Followed It and Was Shocked by Where It Led Us

We Moved Into a Late Man’s House, and Every Day a Dog Came to Us – One Day, I Followed It and Was Shocked by Where It Led Us

When Maggie moves into a new house with her son, Ethan, and husband, Kyle, she is more than ready for a new start. Her son needed fresh…

After 10 years, the mother goes to the abandoned home where she had left her 1-year-old child and finds something that causes her to sob.

After 10 years, the mother goes to the abandoned home where she had left her 1-year-old child and finds something that causes her to sob.

The tragedy occurred more than ten years ago, but Yaroslavl’s residents will never forget it. But it all began when a neighboring neighbor overheard a baby sobbing….