Forever Stamp Prices Increase to 55 Cents

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Forever Stamp Prices Increase to 55 Cents
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By edhat staff

The United States Postal Service (USPS) announced price increases on Sunday, including the biggest increase ever for forever stamps.

The price of a first-class Forever Stamp went up a nickel Sunday, from 50 cents to 55 cents. This is a 10 percent increase, the largest single price jump in the history of the U.S. Postal Service. The Postal Service has been running a multibillion-dollar deficit for years, according to NPR.

This past October, USPS announced proposed rate increases stating it has some of the lowest letter mail postage rates in the industrialized world and does not add surcharges for fuel, residential delivery, or regular Saturday or holiday season delivery.

A month later USPS announced they lost $3.9 billion in 2018 with first-class mail volume decreasing by about 2.1 billion pieces. ”The secular mail volume trends continue largely due to electronic diversion and transaction alternatives. We compete for business in every product line, every day from the first mile to last mile,” said Postmaster General and CEO Megan J. Brennan. 

The cost to ship priority mail packages have also increased with a small box rising from $7.20 to $7.90 and a medium box increased from $13.65 to $14.35. While first-class mail delivery is struggling, USPS saw an increase of almost half a billion additional packages in 2018 compared to 2017.

However, some postal prices are staying the same or lowering. The cost of a postcard will stay the same, at 35 cents, and the cost per additional letter ounce is decreasing from 21 cents to 15 cents. 

USPS introduced Forever Stamps in 2007 to avoid those annoying 1 and 2 cent stamp additions after every price increase. Forever Stamps can always be used to mail a 1-ounce letter, no matter how much prices might increase in the future.

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a-1591109624 Jan 31, 2019 10:01 PM
Forever Stamp Prices Increase to 55 Cents

Reading comprehension is a good thing. Rates are going up and not just 1st class. (See above article.) Priority mail packages are not posted 1st Class. Postage cost has to do with size of box (or large envelope), weight and destination. Many times one can use a 'Rate A' Priority box (or other box) and ship for less than it would cost to use a flat rate box. If your item weight is under, say 15.99 oz, often you can mail the package for as little as $2.66 (using eBay postage system) or $3.50 at the post office. $8.95 at the high end. The lowest cost for flat rate box right now is $7.90 and that is for a SMALL flat rate box: 8-5/8" x 5-3/8" x 1-5/8". When P.O. states that rates are going up, it's fatuous for those who don't know to say things like "most all eBay items fit into a flat rate box." I have sold and posted things in a guitar box, a box that measures 26" x 20" x 18 and in boxes 4" x 4". You can only do so much with P.O. flat rate boxes and not a heck of a lot. If your item weighs a ton and fits into the flat rate boxes, you're lucky. 1-3/4" high? 3.5"high? 6" high? Good luck with that flat rate option:---------------------------- Small Box 8 11/16" x 5 7/16" x 1 3/4": $7.90 -------------------------------------------Medium Boxes 11 1/4" x 8 3/4" x 6" or 14" x 12" x 3 1/2": $14.35 -------------------------------------------Large Box 12 1/4" x 12 1/4" x 6": $19.95

REX OF SB Jan 29, 2019 10:22 AM
Forever Stamp Prices Increase to 55 Cents

I bought 50 Forever stamps when they first came out in 2007 for 41¢ apiece. I still have 32 of them left. I pay all bills online and almost never use snail mail; in fact, last month when I paid my property tax was the first time I'd put a stamp on an envelope since probably last April, when I'd paid the previous installment. And the checks I'd enclosed were the only two I'd written all year. But checks are another anachronism that seem to be young away forever.

ESL_teacher Jan 29, 2019 10:20 AM
Forever Stamp Prices Increase to 55 Cents

I am grateful to Edhat for providing us with this important information that has not come within my radar from any other source. Keep up the good work!

Mesarats Jan 29, 2019 09:19 AM
Forever Stamp Prices Increase to 55 Cents

It’s still a bargain and we know where the money is going Our local sales tax went up 12% which initially was supposed to be for infrastructure, but to ensure it would be dedicated for that purpose, it would have required more effort and accountability so it goes into the General slush fund. Shipping on the sales platforms has gone up this year, like most everything else ( except salaries). If one does a lot of shipping look into Pirate Ship, often it is cheaper.

a-1591109624 Jan 28, 2019 07:57 PM
Forever Stamp Prices Increase to 55 Cents

i bought a roll of 100 "Forever" stamps when they were .41. I still have 92 of them remaining. Don't think I'll ever need to buy more.

PitMix Jan 29, 2019 08:33 AM
Forever Stamp Prices Increase to 55 Cents

Congress required the postal service to pre-fund all of their pension and medical retirement costs up front. No one else in the US is required to do this because as long as they are in business they can use payments from current workers to fund retired workers. So of course their costs to operate are very high.

oceandrew Jan 29, 2019 07:55 AM
Forever Stamp Prices Increase to 55 Cents

I'd rather support the pensions of hard working postal workers than the fuquetards in Congress who seem to be in public service to line their own pockets. Maybe they should pre-fund their pension/healthcare plans and subject their evaluation to the same double entry accounting as the USPS.

Potif Jan 29, 2019 10:43 AM
Forever Stamp Prices Increase to 55 Cents

This is for First Class mail. And, the first ounce. Not all packages are sent that way. It is primarily for letters, bills, etc.

a-1591109624 Jan 28, 2019 08:57 PM
Forever Stamp Prices Increase to 55 Cents

Postage goes up, cost of mailing packages goes up. Not talking stamp use but overall cost. Read the text above. Many eBay packages don't "rate" using a flat rate box. All has to do with size/weight.

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