Overview

• The cost of a first-class postage stamp will rise by 5 cents to 73 cents on Sunday.
• This is the second increase in 2024, marking the third consecutive year with two annual hikes.
• Businesses, which account for the majority of USPS revenue, are cutting back on mail usage due to higher costs.
• USPS has lost over $100 billion since 2007 and is implementing a 10-year restructuring plan to mitigate losses.
• Despite price hikes, mail volumes have dropped significantly, with first-class mail volume down 53% since 2006.