The 2-cent hike on mailing First-Class letters won't bring in much more money for the USPS for one big reason
That raises the cost of mailing a first-class letter by 3.4%, to 60 cents — unless you still have a bunch of"forever stamps" that you bought at a lower price. A price hike that modest seems almost quaint given that overall consumer prices are up 9.1% year over year, the fastest pace in 40 years.First-Class mail prices are up about 6.5% overall following the latest hikes. Metered mail went up 4 cents, or 7.
But that comes to only about two pieces of mail per US household per week. People have found other ways to communicate — and to pay their bills — than putting a stamp and an envelope and dropping it in a mailbox. The number of individual letters mailed last year fell 8.4% from the year prior, and is down 45% from where it was just a decade ago, in fiscal year 2011.
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