I don’t know how I missed it, but I guess last month the US Post Office announced that they want to institute a five cent increase in stamps.
This would bring the price of a first class letter to a cool fifty cents.
Changes are definitely needed at the Post Office, which has been hemorrhaging money and is facing something like fifteen billion dollars in losses.
Personally, I think structural changes are the only thing that can save the USPS. As prices rise, I think you’ll find that people will just send less in the mail, so revenue won’t increase as much as they are hoping, if at all.
I thought it would be fun to ask readers where they first remember the price of postage.
The cheapest stamp price I remember was twenty cents, which according to Wikipedia, was the price between November 1981- February1985. I was anywhere between 7-10 during this time, so that seems about right as to when I would have had an awareness on this particular price.
What’s the earliest memory you have of postage prices? Would a five cent (11%) increase cause you to send less mail than you do today?Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.