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Tag Archive: will postal service debt impact my retirement

Why a $7.2 Billion Loss from the USPS This Year is Not a Concern

Why a $7.2 Billion Loss from the USPS This Year is Not a Concern

Written By: Cal Burgess | Retirement Servicing Group Just recently, the Federal Reserve System announced that first-quarter losses from the United States Postal Service stood at 1.8 billion dollars. At this rate, the USPS is on track to cost American taxpayers over $7.2 billion by the end of the fourth quarter. To put this into perspective, this amount is equivalent to a $20 million dollar loss per day, with no hope of any profit for quite some time, if at all. At first glance this...

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