Get ready to pay more for a stamp. Postal Service request for the largest-ever increase in the cost of a stamp. The cost of a Forever stamp will rise from 50 cents to 55 cents, a 10 percent increase. Metered letters will go from 47 cents to 50 cents though the cost for each additional ounce will actually fall from 21 cents to 15 cents. The 5 cent increase in stamp costs is the largest since , when prices increased from 25 cents to 29 cents, a 16 percent hike.
The new rates will take effect on Jan. The Postal Service wants you, millennials. USPS pilots a public banking program. Also Included in. Tags in this Story. Share this Story. Latest Episodes From Our Shows. Read More. The U. Postal Service has announced that postage rates will be increasing in the new year — with one big exception. The price of a "forever" stamp, used on the standard first-class letter, stays at 55 cents in The forever stamp rate has been at 55 cents since Jan.
The price will hold steady even as other postage rates increase by up to 1. Forever stamps were introduced by the Postal Service in and are intended for use on regular, or first-class, letters. The very first forever stamp featured the image of the Liberty Bell. Regardless of how much you pay for a forever stamp, you can use one to send a regular letter no heavier than an ounce forever. So if a stamp was worth 49 cents when you bought it and the price of mailing a letter has since gone up to 55 cents, you can still use that old stamp.
Forever stamps are sold in sheets, rolls and booklets of You can buy them in person at your local post office or from the USPS over the phone or online. Some grocery stores and chain drugstores also sell forever stamps. You can pick some up when you do your food shopping. Use an app that gives you cash back simply for snapping a photo of your grocery receipt , and you might earn enough to buy stamps for a year, depending on the amount of snail-mailing you do.
In the fall of , the Postal Service announced it would keep the price of a forever stamp — and the first-class letter rate — at 55 cents for But other first-class mail rates are going up 1. The changes take effect on Jan.
Here are a couple of examples of the price hikes: A letter that's overweight will cost 20 cents for each additional ounce, up from the current 15 cents. The price of mailing a postcard within the U. Postal officials say in the news release that they believe these new rates will help keep the Postal Service competitive while providing some needed revenue. Within the U. The stamps are always sold at the same price as regular first-class postage.
Your forever stamp will be worth the domestic first-class-mail letter price the day you use it. You might use two or more forever stamps on letters that are weightier or are going to international destinations, but that may not be the best strategy.
Again, an additional ounce will cost you 20 cents starting in late January.
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