Did you know that the price you pay for U.S. mail is about to increase, even as our nation still struggles under the weight of the COVID-19 pandemic? If you didn’t, you’re not alone. According to a national survey conducted this summer, 77 percent of the American public was not aware of the postage hike.
First-class mail and “forever stamps” are set to increase on Aug. 29 from 55 cents to 58 cents. Rates for most mail will rise by 7 percent, while charities and other nonprofits, magazines, newspapers and catalogs will face an even bigger postage increase of 8.8 percent.
Thanks to a recent Postal Regulatory Commission ruling giving the U.S. Postal Service more power to raise rates, these increases are three-to-four times inflation and follow yet another postage increase earlier this year.