Fernando Escalante, of Chicago’s West Lawn, guessed the current price at 43 cents, but he still thought it a value even at three cents more.
“I’m going to go back to mail, writing letters to my daughter,” said the 42-year-old divorced father of two. “Just to encourage my kids to do handwriting, to encourage them to write. It’s kind of a lost art.”
The Postal Service says it’s losing an estimated $25 million a day, losses brought about in part by a decline in the use of first-class mail. Struggling to develop a new business model for the changing times, the post office has turned to more frequent rate increases. Post office closings, the elimination of Saturday delivery and other cuts have also been considered.
In addition to first-class postage going up a penny Sunday, the cost of sending a postcard rose from 32 cents to 33. The Postal Service also unveiled a global Forever stamp, allowing mailers to send a letter anywhere in the world for $1.10.