Technology has afforded us the ability to connect with nearly anyone, anytime—and free of charge. But there’s just something nostalgic and tactile about receiving a letter or postcard via snail mail, whether it be a wedding invitation or postcard from a loved one far away.
But many also have a love-hate relationship with the United States Postal Service. Mail gets lost, undelivered—or even returned sometimes with a valid postmark and address. Indeed, “the Postal Service’s ability to provide acceptable service is an ongoing concern across the United States,” according to the Office of Inspector General for the United States Postal Service.
Yet, USPS announced Tuesday a proposed 8% price hike for stamps, bringing the cost of a first-class mail forever stamp to $0.73. It’s just another sign of the unfavorable leadership of Postmaster General Louis DeJoy, who was appointed by former President Donald Trump. DeJoy was a major Republican Party donor and Trump fundraiser—and was also the first postmaster general in two decades without prior USPS experience.
Under DeJoy, the USPS has been bleeding money. In the first quarter of fiscal 2024 alone, USPS reported a $2.1 billion net loss, more than double its $1 billion net loss during the same time period last year.