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In addition, most people now communicate and pay bills online.
Is USPS draining public dollars or is it needed more than ever now?
Musk wants to privatize the postal service.
What could that mean for the economy and your wallet?
Also find out how much DOGE could save you.
Privatizing the mail would also mean the end of guaranteed mail service.
It is a trade group that represents landlords who lease buildings to the U.S. Universal service never meant every post office would be profitable, LaShier said.
Yet a first-class stamp costs the same regardless of the distance the letter travels.
The United States Postal Service has been an independent agency since 1970.
Most changes to USPS are normally subject to Congressional approval.
Higher Mailing Costs: Privatization often shifts the focus from public service to profit.
Reduced Access: Rural communities and underserved city neighborhoods could see post office closures or reduced hours.
Fewer Consumer Protections: As a public agency, USPS is bound by federal service mandates.
However, a privatized system could be less accountable and have less emphasis on universal service and affordability.
The Price of Privatization
USPS is essential to local economies, especially in rural and underserved regions.
Privatization efforts could disrupt job markets, strain small businesses and weaken the nonprofit sectors ability to serve communities.
Nonprofits and Small Businesses: Many organizations rely on USPS for bulk mail and low-cost shipping.
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