The United States Post Office announced proposed price increases for several different mailing options. It doesn’t come as a big surprise, but some people might see it as a bit of a nuisance.
Keep in mind, this is still just a proposal, but it would raise the rates of a first-class stamp up to $0.46 and the cost of a postcard to $0.30. All told, the Post Office says the rate increases average around 5 percent and will cover first class, packages, periodicals and other services.
The last price increase took effect in May 2009. So, why would the Post Office want to raise rates so quickly? Simply put, they’re going broke. The organization faces $7 billion in losses for 2011, and the increase could cut those losses by $2.5 billion.
The Postal Rate Commission has 90 days to respond to the proposed rate increase, and if approved, the changes will go into effect in January 2011.
If you pay bills by writing a check and sending in an envelope, you could opt for online bill payment, which is free for members who have a Premier Platinum account or get e-statements. It’s quick, easy and will save you the cost of a stamp for each bill you pay.
Also on tap is cutting the mail service down to five days a week. While still only a proposal, if it would help, would you mind having mail only delivered five days a week? Do you think it would have that much impact in your daily life?
As always, let us know what you think in the comments below or join in on the conversation on Facebook and Twitter.
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