USPS Reduces Stamp Prices

postage_stamp_rollAs 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.

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