A postage increase this 2014 has left many in the public frustrated after USPS made the tough choice to increase the cost of the individual stamp from a high 46 cents to 49 cents now. This higher charge is part of the Postal Service’s move to raise approved prices on most mail products in order to offset the billions of dollars lost in recent years from the national economic recession. Web Pro News provides the very latest on these financial changes regarding U.S. mail this Wednesday, Jan. 1.
The postage increase 2014 will be leaving the current price of stamps at a steep 49 cents each. As part of the USPS attempt to offset their massive losses, the approved price hike could affect increases by up to six percent on a majority of mailing items. As such, individual stamp costs will be up by three cents this New Year, though it’s important to note that in light of this “tough” choice, the report notes that the U.S. Postal Service has not made the hike permanent. The anticipated revenue boost is expected to top off near $1.8 billion while the change is in effect, though many in the public are still unsurprisingly not happy with even more expensive mail services.
According to the press release on the postage increase 2014, USPS is not only making this stamp price hike as part of a revenue balancer following the economic recession, but also to offset costs as more people are going “paperless” in regards to their mail — that is, using electronic mail (email), phone calls, or even paying their bills via their computer.
“The Postal Service claims to have lost several billion dollars in revenue due to the recession. The Postal Regulatory Commission, however, failed to fully agree with this claim, citing the increase in electronic mail as a steady and legitimate cause for the steady decrease in traditional mail services. As more people communicate online or go “paperless” in terms of receiving and paying for their bills, it stands to reason that there will be less of a need to use the US Postal Service.”
For now, the one penny increase to U.S. stamps is believed to be a permanent one. The additional two cents (taking the total price from 46 to 49 cents) is thought to be a temporary hike this 2014, until a portion of the serious loss the USPS says they sustained in recent years is relieved. It is then thought to decrease afterwards.
“Despite this "tough" decision being a temporary one, the expenses are being negatively viewed by a number of large businesses. Mary Berner, president of the Association of Magazine Media trade group in New York, was quoted by the Chicago Tribune as saying, ‘It will drive more customers away from using the Postal Service and will have ripple effects through our economy – hurting consumers, forcing layoffs, and impacting businesses.” While she doesn’t think that it will immediately drive the industry to an obsolete state, she feels strongly that this ruling, “will hasten it.’”
What are your thoughts on the postage increase 2014 starting off our New Year?