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Roughly 40% Of Post Offices Operate In The Red Could Banking Offer Them A Way Out?

Listen • 3:53 The U.S. has more than 31,000 post offices, but a recent report found that 42% of them were not generating enough revenue to cover their expenses in 2019. Here s a post office in Mission, S.D. America has a lot of post offices over 31,000 in fact. Most sell enough stamps and other services to cover their costs, but many, especially those in rural areas, do not. Some 42% of the nation s post offices were underwater in 2019, not generating enough revenue to cover their expenses, according to a report released last month by the U.S. Postal Service inspector general. Half of those that didn t cover their costs are within 5 miles of another post office.

Could Banking Rescue Post Offices? : NPR

Stephen Groves/AP toggle caption Stephen Groves/AP The U.S. has more than 31,000 post offices, but a recent report found that 42% of them were not generating enough revenue to cover their expenses in 2019. Here s a post office in Mission, S.D. Stephen Groves/AP America has a lot of post offices over 31,000 in fact. Most sell enough stamps and other services to cover their costs, but many, especially those in rural areas, do not. Some 42% of the nation s post offices were underwater in 2019, not generating enough revenue to cover their expenses, according to a report released last month by the U.S. Postal Service inspector general. Half of those that didn t cover their costs are within 5 miles of another post office.

Roughly 40% Of Post Offices Operate In The Red Could Banking Offer Them A Way Out?

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