Roughly 40% Of Post Offices Operate In The Red. Could Banking Offer Them A Way Out?
Most post offices that don't meet their costs are in rural areas, but Congress has blocked them from being closed. Democrats like Alexandria Ocasio-Cortez say postal banking might offer a solution.
America has a lot of post offices â 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 released last month by the U.S. Postal Service inspector general. Half of those that didn't cover their costs are within
