The Gist
The United States Postal Service (USPS) announced a planned increase in the price of forever stamps from 78¢ to 82¢, effective July 12. This decision is driven by ongoing financial challenges faced by the USPS.
How It Worked
In April, USPS filed a notice with the Postal Regulatory Commission (PRC) regarding the price hike. This increase of approximately 4.8% aims to address rising operational costs and ensure the continuation of universal postal services. As of now, you can still buy forever stamps at the current rate of 78¢ until the price hike is officially approved and implemented.
Results
If the price hike takes effect, purchasing forever stamps at 78¢ will save you 4¢ per stamp, which can add up significantly if you send many letters. For instance, buying 100 stamps now would cost $78, while waiting until after the increase would cost $82.
Why It Matters for You
If you frequently mail letters, consider stocking up on forever stamps before the price increase. This simple action can lead to considerable savings over time, especially for regular mailers. Keep an eye on PRC updates to ensure you make your purchase before the new rate kicks in.
