The economic fallout of the COVID-19 pandemic, a debate over mail-in voting, and recent mail delivery delays have thrust the financial state of the US Postal Service (USPS) into the national spotlight.
Financial data and other numbers from the USPS — an independent government agency funded only through its revenue — show that fewer people are sending mail for the past several years, revenue has decreased, and costs have increased.
Postmaster General Louis DeJoy issued a statement in July saying, "The Postal Service is in a financially unsustainable position, stemming from substantial declines in mail volume, and a broken business model. We are currently unable to balance our costs with available funding sources to fulfill both our universal service mission and other legal obligations."
