Photo by Ekaterina Belinskaya: https://www.pexels.com/photo/postal-service-van-parked-on-a-street-sidewalk-4744769/
Americans will pay more to send letters by USPS.
Americans will pay more to send letters after the U.S. Postal Service implemented new mailing rates July 12, increasing the price of a First-Class Mail Forever stamp from 78 cents to 82 cents following approval by the USPS Postal Regulatory Commission, Reuters reports.
The nationwide rate changes are part of the agency’s effort to improve its long-term financial position and support ongoing operational investments.
The Postal Service has said its pricing strategy reflects rising operating costs and declining mail volumes while helping fund investments in processing facilities, transportation, and delivery operations. USPS receives revenue primarily from the sale of postage, products, and shipping services rather than taxpayer funding for its routine operations.
USPS has maintained that, even with the latest increase, U.S. postage rates remain among the most affordable of comparable postal systems worldwide. Agency officials said the updated rates are intended to help preserve reliable mail service while supporting the Postal Service’s long-term financial recovery.
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Source: Black Enterprise
