Business
Consumers prepare for postage hike
Los Angeles | May 11, 2008 12:01:13 AM IST
U.S. consumers said they are doing their best to prepare for another budget strain as the postal rate hike approaches. Starting Monday, a first-class stamp will cost 42 cents. For most Americans the one-cent increase in the cost of first-class domestic letter postage is not a huge problem, but as inflation increases, the postage hike is getting a lot of attention, the Los Angeles Times reported Saturday. For those who use the postal service for more than just paying bills and sending letters, the hike is going to have a stronger impact. I spend $20 to $30 a day on postage. The extra I will have to pay has to come out of somewhere, said Jimmy Moore, 24, a water filtration equipment salesman. It is reported many consumers are hurrying to buy specialty Forever stamps from the postal service, which cost only 41 cents and will serve as sufficient postage to send first-class mail even after the hike. (UPI)
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