They're broke, getting increasingly obsolete, and now they're upping their prices: The U.S. Postal Service will raise postage prices in the new year. As of January, 22, 2012, the cost of a first-class stamp will go up a penny to 45 cents. Other postage rates will jump up, too.
Penny Pinching: Postal Service Will Increase Rates in January 2012
Postage Fraud Is The Nerdiest Fraud Of All
Nerdy, sure. But also tremendously costly. A contributing factor to the U.S. Postal Service's budget vortex, "an estimated $134.4 million dollars of its annual revenue is quietly slipping away to counterfeiters and perpetrators of other types of postal fraud," reports FOX LA.
USPS Wants You to Put Your 2 Cents In: Rates Go Up Today
Starting today it's going to cost you more to snail mail your letters, cards, postcards and bills, KTLA.com reminds mailers. Today "the price of a first-class stamp will increase two cents to 44-cents. Forever stamps can still be used without an additional 2-cent stamp, regardless of when they were purchased." Other changes include a bump of postcard stamps from "1 cent to 28 cents, the first ounce of a large envelope will increase 5 cents to 88 cents and the first ounce of a parcel will increase 5 cents to $1.22." The rate increases are meant to help the Post Office cope with rising operational costs, and "are in line with the amount of inflation," according to Postmaster General John Potter.

