The Price of a Postage Stamp Is Changing.
As you can see, I don't use a lot of stamps. I bought these during the holiday season last year. I still have 10 stamps left on the strip.
This could be one of the reasons The Post Office isn't happy about what's going to happen this month. People just aren't sending mail like they used to, therefore the need to buy stamps has decreased.
In 2014, the Post Office got to increase the price of stamps by 3 cents, up to 49 cents each, to help raise $4.6 billion in revenue. The price increase was only supposed to last two years.
April 10, 2016, the cost of a first-class stamp will go down instead of up. That's the first time this has happened in 97 years. The price will drop to 47 cents per stamp. The decrease will only be 2 cents instead of 3 cents to adjust for inflation.
The last time the price of a stamp went down was in 1919, when the 3-cent stamp dropped to 2 cents.
Read more here.
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