As of April 10, the United States Postal Service is required to reduce certain prices of it’s stamps. A standard First-Class stamp now costs $0.47. This price drop is the first in 100 years and will account for a net loss of approximately 2 billion dollars. There isn’t a huge difference, but if you’re frugal, now may be the time to stock up on Forever stamps.
Prices dropped over the weekend, and in a press release, the USPS announced the following changes:
| Current | Mandated Reduction | |
|---|---|---|
| • Letters (1 oz.) | 49 cents | 47 cents |
| • Letters additional ounces | 22 cents | 21 cents |
| • Letters to all international destinations | $1.20 | $1.15 |
| • Postcards | 35 cents | 34 cents |
What do you think of this price drop? Is technology slowly taking over traditional industries? Tweet us your thoughts at @RedOrum or like us on Facebook and comment on this post. To learn more about the price drop, click here.
