Why Is the United States Postal Service in So Much Debt?

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The United States Postal Service (USPS) can trace itself back to the American Revolution and Benjamin Franklin, who was even one of two postmasters general before the states split from the British crown. In all that time until the early 1970s, the service broke even each year, paying salaries, pensions and more.

The Great Recession of 2008 saw a downturn in revenue for corporations and government institutes – even self-funded ones – alike, and the USPS was hit especially hard. Many companies were already transitioning from physical mail to the internet for business letters, notifications and advertisements, but the recession sped up that trend. However, that’s not the only factor behind the organization’s current troubles.