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The USPS is facing financial challenges and is considering the potential increase in stamp prices as a way to generate more revenue and cover their operational costs.
The USPS has not yet made a final decision on the potential increase in stamp prices. If approved, the new prices could go into effect as early as January 2022.
The USPS is proposing to raise the price of first class stamps from the current .55 cents to .58 cents, a 6% increase. However, this is subject to change based on the final decision.
The potential increase in stamp prices will apply to all first class mail, including postcards and international mail. However, the USPS is also considering other changes to pricing for these types of mail.
If the increase is approved, it could potentially have a negative impact on small businesses and individuals who rely on mailing services. However, the USPS is also considering other changes to their pricing structure to lessen the impact on these groups.