Forever Stamps Price Increase: How It Affects Your Mail

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Mailbox of US Postal Service
Credit: pexels.com, Mailbox of US Postal Service

The Forever Stamp price increase has left many of us wondering how it will affect our mail. The cost of a Forever Stamp has increased from 50 cents to 58 cents.

This change may seem small, but it can add up quickly, especially for those who send a lot of mail. For example, a 1-ounce letter now costs 58 cents to send.

If you're like me, you might be wondering if this price increase will affect the value of your existing Forever Stamps. Fortunately, Forever Stamps are still worth their face value, even after the price increase.

You can still use your existing Forever Stamps to send mail, but you may need to combine them with additional postage to cover the increased cost.

Forever Stamp Price Increase

Forever stamps are getting more expensive, with the price of a Forever Stamp set to rise from 73 cents to 78 cents on July 13, 2024.

Postage Stamp
Credit: pexels.com, Postage Stamp

The U.S. Postal Service has requested the price increase to "achieve the financial stability" needed to meet the goals of its Delivering for America 10-year plan.

The price increase will affect not only Forever Stamps but also other mail products, including letters, domestic postcards, international postcards, and international letters.

The additional ounce price for letters will increase from 28 cents to 29 cents.

The price of a Forever Stamp has increased several times in recent years, with the current price of 73 cents being the highest yet.

Since 2007, the price of a Forever Stamp has increased by 90.24%, from 41 cents to 78 cents.

Here are the price increases for Forever Stamps since 2019:

  • Aug. 29, 2021 - 58 cents
  • July 10, 2022 - 60 cents
  • Jan. 22, 2023 - 63 cents
  • July 14, 2024 - 73 cents

The price increase is needed to achieve financial stability, but it's worth noting that domestic first-class mail has declined by 52% compared to 2007, making it harder for the Postal Service to stay afloat.

The price increase will take effect on July 13, 2024, so if you need to stock up on stamps, it's a good idea to do so before then to avoid the higher price.

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Credit: youtube.com, Forever Stamps now cost 3 cents more

Forever stamps have been a staple of the US postal system since 2007, and their prices have been steadily increasing over the years.

The first Forever stamp cost 41 cents in 2007, and if the current price hike is approved, it will rise to 78 cents, a 90.24% increase in just 18 years.

The price of Forever stamps has increased several times since their introduction, with the most recent increase being from 73 cents to 78 cents, which is still pending approval.

Here's a brief history of the price increases of Forever stamps:

The price hike will take effect on July 13, so if you want to stock up on Forever stamps before the price increase, you should make your purchases by July 12.

Other Mail Price Increases

The price increase of Forever stamps is just the tip of the iceberg. Other mail prices are also going up, and it's essential to know what's changing.

Credit: youtube.com, US Postal Service could raise price of Forever stamp

Letters, for example, will cost 73 cents to send, up from 68 cents. This price hike took effect on January 21, along with several other changes.

Domestic postcards will now cost 56 cents, a 3-cent increase from the previous price. International postcards will cost $1.65, a 10-cent increase.

The price of sending an international letter will also increase to $1.65.

Buy Stamps Now

You may want to stock up on stamps now - the price of Forever stamps is going up. The U.S. Postal Service has requested to raise the cost of a Forever Stamp from 73 cents to 78 cents, which will take effect on July 13.

If you need to stock up and want to save a little money, make your stamp buys on July 12. The price increase is needed to "achieve the financial stability" to meet the goals of its existing Delivering for American 10-year plan.

Here are the upcoming price hikes for mail products:

  • Forever Stamp: 73 cents to 78 cents
  • Letters (metered 1 ounce): 69 cents to 74 cents
  • Domestic postcards: 56 cents to 62 cents
  • International postcards: $1.65 to $1.70
  • International letter (1 ounce): $1.65 to $1.70
  • The additional ounce price for letters: 28 cents to 29 cents

The price increase is the first since July 24, 2024, when the cost of a Forever Stamp rose from 68 cents to 73 cents.

Stamp Costs

Stamp Collection
Credit: pexels.com, Stamp Collection

Forever stamps will still cost 73 cents apiece until the price hike on July 13, when they are proposed to rise to 78 cents.

The "Forever" in their name means that even after the price rises, a Forever stamp you paid less for will still send a 1-ounce letter to any U.S. address.

You can use an original 41-cent Forever stamp you bought 18 years ago to mail a first-class letter today without additional postage.

Since 2011, virtually all first-class stamps sold are Forever stamps, introduced in 2007.

The cost of Forever stamps is equivalent to the current price of a first-class stamp.

The Postal Service is expected to lose more than $8 billion in the fiscal year ending Sept. 30, and has asked the White House for an additional $14 billion.

Upping the price of Forever stamps and other mail services won't solve the agency's financial challenges, according to Postal Service spokesman David Coleman.

Curious to learn more? Check out: Uk Postage Stamps 1st Class

Frequently Asked Questions

What is the cost of a forever stamp now?

The cost of a Forever stamp is now 78 cents. This is a 5-cent increase from the previous price of 73 cents.

Are postage stamps going up to 73 cents?

Yes, the cost of "forever" stamps increased to 73 cents in July 2024, building on a previous increase to 68 cents in January 2024.

Clara Donnelly

Writer

Clara Donnelly is a versatile writer with a passion for crafting engaging content across various industries. With a keen eye for detail and a knack for storytelling, she brings complex topics to life through her writing. Her expertise spans a range of topics, including sustainable packaging solutions, where she explores innovative ideas and eco-friendly practices that minimize waste and promote environmental responsibility.

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