Stock Up on Stamps Now: The USPS Announced Another Price Increase
If you're planning to mail out holiday cards, party invitations, or thank you notes this year, listen up! Now is the time to stock up on stamps, and the clock is ticking.
The United States Postal Service announced a big increase in the price of first class forever stamps. Stamp prices will increase from 68 cents to 73 cents beginning July 14. That's an over 7 percent markup!
The price for an additional ounce will also jump from 24 cents to 28 cents on the same day. The increase is part of the USPS's 10-year "Delivering for America" initiative which intends to make the postal service profitable and self-sufficient.
“As changes in the mailing and shipping marketplace continue, these price adjustments are needed to achieve the financial stability sought by the organization’s Delivering for America 10-year plan,” the Postal Service said. “USPS prices remain among the most affordable in the world."
Shaker Design Stamps, Sheet of 12
usps.com
$8.16
In 2023 alone, the postal service reported a $6.5 billion deficit. For 2024, they project an additional $6.3 billion in losses. The most recent hike marks the fifth price increase in the past two years. Even more increases are to come as this 10-year plan plays out.
There will never be a better to time to stock up on stamps than right now! So, run to the post office and lock in that 68 cent stamp price before it's too late. USPS forever stamps never expire and you can never have too many, right?!
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