|

Postage stamps are increasing in price to 49 cents

By Marcina Zaccaria ,

The cost of a First Class stamp, previously 46 cents, will go up to 49 cents beginning on Jan. 26.

According to the Associated Press, regulators decided to raise the price of USPS postage. This 6 percent rise in the cost of stamps is uncommon. Price increases depend on a number of factors, but officials said increases have been put into place in an effort to regain financial losses after an economic downturn.

The change, announced after packages, cards, and letters flooded post offices during the holiday season, will affect citizens choosing not to use the internet to send their mail.

A number of citizens were upset about the increases. According to Bloomberg, the Association of Magazine Media trade group feels that the increases are counterproductive.

“It will drive more customers away from using the Postal Service and will have ripple effects through our economy - hurting consumers, forcing layoffs, and impacting businesses,” Mary Berner, president of the group, said in the e-mail. “It doesn’t delay the inevitable but will hasten it.”

Photo courtesy of Wikimedia Commons.

 
 

Join Our Newsletter

Popular Threads