Stamps are more expensive now. Here's how much more you'll pay to drop a letter in the mail
Source: CNN Business
New York (CNN Business) Maybe this counts as good news in a time of painful price increases for necessities such as food, fuel and housing: The cost of a US postage stamp just increased by a mere 2 cents. 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 7.5%; sending a postcard (remember those?) now costs 44 cents, a 10-cent hike; and overweight First-Class mail will increase 20%, to 24 cents per additional ounce. "As inflation and increased operating expenses continue, these price adjustments will help with the implementation of the Delivering for America plan," the USPS said in a statement, referring to its plan to invest $40 billion in upgrading its infrastructure. "With the new prices, the Postal Service will continue to provide the lowest letter-mail postage rates in the industrialized world and offer a great value in shipping."
But the 2-cent hike won't bring in much more money for the USPS for one reason: Americans aren't sending nearly as much mail as they used to. As a result, First-Class mail in general and individual letters in particular are far less important to the Postal Services' revenue stream now than in years past. Last year 13.5 billion letters were mailed out. But that comes to only about two pieces of mail per US household per week. eople 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. he number of individual First-Class letters doesn't count most of the other mail jamming your mailbox, such as bank statements and other direct mail from businesses. There were 35.6 billion of those last year, or more than five per household per week.
Then there were another 41 million pieces of what the USPS generously calls "marketing mail," and most consumers know as junk mail.
Read more: https://www.cnn.com/2022/07/14/economy/stamp-price-increase
I actually forgot about this and had just bought some stamps a couple weeks ago.
I don't know if it's been factored in (and it should be despite FUCKING DEJOY) but you have more states doing "mail voting". So having that happen through the year for primaries, special elections, and the general election, is an income stream that has increased over the past couple years.
jimfields33
(16,043 posts)Ill never have to buy stamps again. I think a good majority did the same.
Marthe48
(17,054 posts)is getting smaller every year. My stamp stash will probably last awhile :/
jimfields33
(16,043 posts)Its funny. Its probably the one item I bought that will literally save me money. Who knew. Ha.
The forever stamp was the best idea that they ever had at the Postal Service.
jimfields33
(16,043 posts)Marthe48
(17,054 posts)and have some left from a roll I bought online earlier this year. I also have 4 books of Harry Potter stamps I bought several years ago, as a collectible. They are forever stamps and I might use some of them to thumb my nose at that craphead in charge of USPS
Should last a while
Bengus81
(6,936 posts)CrispyQ
(36,544 posts)I have a sheet of postcard stamps left over from Postcards to Voters. 10¢ is a hefty increase.
BumRushDaShow
(129,737 posts)as I know some people pile up packages (often those mailer envelopes) with stamps that have some value on them to try to estimate the first class rate.
https://store.usps.com/store/results/_/N-1p172hzZ1gewhfyZqvz3mjZizv7mlZ1o5cmz1Z18ninmz
https://store.usps.com/store/results/_/N-175o9paZ1seusz2ZmqlxuoZv9trty
roamer65
(36,747 posts)They arent worth a premium for collecting, so I use them for postage.
Makes for colorful envelopes.
BumRushDaShow
(129,737 posts)I get USPS's philatelic catalog (I guess that is sent out once a year). Quite a bit of stuff in there.
I used to work not far from what is still a working Post Office at the location adjacent to Ben Franklin's house here in Philly (the house, no longer standing, actually used for postal duties) - the "B. Free Franklin Post Office", and they sell quite a bit of commemorative stamps like that.
Frame showing location of Franklin's house (the post office above is in the background lower center of below - I believe that building with the 2 chimneys)
Ferrets are Cool
(21,111 posts)private carrier. (UPS or FedEx)
2naSalit
(86,868 posts)FakeNoose
(32,833 posts)Especially when something is important and I need to track it.
Priority Mail isn't the same thing as "overnight" because it will take 2 to 3 days to get there. But I can track it online and even receive notification when it's delivered. So the cost of Priority Mail is up to $8.95 now. I remember when it was about $5.00!
Gore1FL
(21,160 posts)I have a bunch of old stamps of varying prices that I bought years ago when writing and mailing checks was more of a thing. I don't keep up with their value, or the postal requirements. I just put two on each envelope figuring it will be more than enough. When I run out I'll buy a load of forever stamps.
IronLionZion
(45,579 posts)but don't mail many envelopes. It's mostly packages for me and USPS is still the cheapest and fastest option inside the continental US.
NCjack
(10,279 posts)I tried to calculate FedEx's rate to deliver what appears to me to be its minimum weight package -- the up to 8-0z envelope. For Zone 2, the minimum cost ($19.57) is for the FedEx Express Saver (3rd day by 4:30pm). I also tried to use the FedEx general rate calculator to get the cost for sending a letter from my home in Carrboro to my friend in Pittsboro, NC, a distance of 17 miles. But, I was stopped cold. The FedEx calculator rejected my home address.
Using the best rate data I could get to send a greeting card (less than 1 oz) to my friend are:
USPS: $0.60 via 1st class
FedEx: $19.57 via FedEx Express Saver (3rd day by 4:30 PM)
It appears to me that USPS is cheaper by $18.97. For low volume, low weight envelopes, USPS is the way to go. And, USPS has a lot of room to raise its First Class postage before customers switch to FedEx.
UPS is geared to heavy packages. So, I did not consider it.
Those of you more experienced in the FedEx rate schedule can improve my comparison.
BumRushDaShow
(129,737 posts)USPS is the the only one required to go to every address where the private companies are not and often use USPS as the "last mile" for delivery.
And with respect to Fedex - they have been absolutely awful the past decade or so after setting the standard for "overnight delivery" of a letter in 1981 (as Federal Express before rebranding in later years). I think that cost was something like $9.99 and people were like woah! But there was a need for that type of carrier service at the time. Now the internet (along with FAX machines at the time) has deprecated a lot of that too.
Dorn
(524 posts)They have a long term plan and it is working. I think USPS does a great job and I use them often.
https://www.huffpost.com/entry/postal-service-cuts_b_961602
BumRushDaShow
(129,737 posts)notbly getting rid of that "pre-funding the health insurance" nonsense.
But with FUCKING DEJOY there, he'll find other ways. As it is, there are investigations going on with their vehicle replacement contract.
By Jacob Bogage
May 12, 2022 at 12:20 p.m. EDT
A House committee has opened an investigation into the U.S. Postal Services $11.3 billion plan to purchase mostly gas-powered mail-delivery trucks, ordering the mail agency to turn over confidential records on their environmental impact and costs. Rep. Carolyn B. Maloney (D-N.Y.), who chairs the powerful House Oversight and Reform Committee, told Postmaster General Louis DeJoy in a letter sent Wednesday night that his agency may have relied on flawed assumptions to justify buying a fleet in which only 1 in 10 of the new vehicles would run on cleaner electric power.
The Postal Service has the largest civilian fleet in the federal government and one of the largest in the world; it is crucial to President Bidens plan to make the entire government fleet EV-powered by 2035. The trucks the agency agreed to purchase from Oshkosh Defense in February 2021 fall well short of the White Houses climate goals and could do lasting environmental harm, federal regulators have warned the Postal Service. The agency has closely guarded records and data sources on how it selected the trucks after a competitive seven-year procurement process.
The Oversight Committee strongly supports the purchase of electric vehicles for the Postal Services fleet, which will position the Postal Service as an environmental leader, Maloney wrote, according to a copy of the letter obtained by The Washington Post. An all-electric Postal Service fleet would reduce costs, increase reliability, and improve the Postal Services ability to efficiently deliver mail and packages. Electrifying the next generation of Postal Service vehicles is also essential to achieving the nations goal of reducing greenhouse gas emissions and fighting climate change.
The Next Generation Delivery Vehicles get 8.6 mpg with the air conditioning running, a scant 0.4 mpg improvement from the 30-year-old trucks now in use. Regulators estimate the NGDVs would emit roughly the same amount of Earth-warming carbon dioxide each year as 4.3 million passenger vehicles when they hit the streets in 2023. The Postal Service has largely refused to voluntarily turn over records to lawmakers about the trucks, for which it already has paid nearly $3.5 billion. Maloneys letter sets the stage for a potential congressional subpoena to the mail agency over the summer, a step that insiders say House Democrats have been itching to take for months.
(snip)
https://www.washingtonpost.com/business/2022/05/12/usps-truck-contract-house-oversight-investigation/
Dorn
(524 posts)Pre-funding insurance was one of the STUPIDEST and NASTY ideas of all time, but, you know what they say: "I'm from the Republican party, I'm here to help put big business' foot on your neck"
NCjack
(10,279 posts)BumRushDaShow
(129,737 posts)Historic NY
(37,457 posts)33 cents remember then. I have a few more sets of loose stamps. I too went and bought a couple of sheets two weeks ago. I don't mail much unless it to some person or place w/o electronic billing
BumRushDaShow
(129,737 posts)that charges a fee (that is more than a stamp) for paying online. They will only waive that fee if I sign up for "automatic payments".
I'm like Um NO! I want to control the date when I pay.
Historic NY
(37,457 posts)store credit card payments are by phone. I use pay pal and thats about it taxes & water sewer are a stop at the town hall, they take electronic payments but its too expensive. When I'm really in a bind I write a check to myself and do a deposit with a photo to another bank.
BumRushDaShow
(129,737 posts)of old school mailing and online, where a bunch automatically switched me after I tried it one time (and that was during the early part of the pandemic), I have even deposited checks "in person" (well using the drive-through) and the teller would say - "You could have done this with the app!!11!!1!!!1!!". And I'm like yeah, but then you'd lose your job!
DownriverDem
(6,232 posts)I bought 100 forever stamps to tide me over.
BlueIdaho
(13,582 posts)To have a letter picked up at my house, routed through a national delivery system, and hand delivered to any address in the US? Thats a deal.
muriel_volestrangler
(101,392 posts)2nd class: 68p (about 81 cents)
1st class: 95p (about $1.14)
And that's in a far smaller country.
Dorn
(524 posts)I've been using Informed Delivery for years -- it's saved me time and money and is 100% free.
Informed Delivery® by USPS®
Digitally preview your mail and manage your packages scheduled to arrive soon! Informed Delivery allows you to view greyscale images of the exterior, address side of letter-sized mailpieces and track packages in one convenient location.*
* Images are only provided for letter-sized mailpieces that are processed through USPS' automated equipment
https://informeddelivery.usps.com/box/pages/intro/start.action
BumRushDaShow
(129,737 posts)That way I know if I have a bill due to be delivered like I did today, and I could go ahead and delay my trip to the post office a bit to get that in and go ahead and mail it with the rest of the bills I mailed today!
They have actually had some images of some of the larger-than-standard-size postcard size mailers - like some the election material (although not the full size ones).
madville
(7,412 posts)About 20, Ive mailed two things in the last 4 years and dont expect to ever have to buy a stamp again.
Dysfunctional
(452 posts)If I die before I turn 94 I bought too many stamps 5 years ago.
rownesheck
(2,343 posts)Do these things exist in the 21st century?
Just kidding. Just messing with you guys who still use stamps. And before you get angry with me, I did actually need to use a stamp recently, so I'm really not being a jerk.
yellowdogintexas
(22,280 posts)before the price went up
I have a nice supply but will be sending a lot of postcards over the next few months