Nothing is forever, folks: A fail-safe investment that isn’t

It’s starting to look like those of us who still use snail mail are about to take a licking on our Forever stamps.

Forever stamps, as you probably know, have no fixed price on them and can be used to send a piece of first-class mail. You buy them at the current first-class price and can use them to send first-class mail any time in the future, regardless of what the price becomes.

Given that the price of first-class stamps has gone in only one direction — up — since 1919, I’ve written several times that Forevers, which made their debut in 2007, are the one thing you can buy that will never be worth less than you paid for them.

Until now.

That’s because the temporary price increase that the Postal Service has been collecting since 2014 may actually turn out to be temporary — something that I hadn’t expected.

The Postal Service has announced plans to cut the price of first-class stamps next month from 49 cents to 47 cents. Should that happen, people who paid 49 cents for Forevers would be out two cents a stamp.

Read more: Washington Post

Allan Sloan is a columnist for The Washington Post. He is a seven-time winner of the Loeb Award, business journalism’s highest honor. View Archive


Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students