2016 Postmortem
Related: About this forumBernie Sanders has a pretty revolutionary idea to change America’s post offices
Americans don't spend nearly as much time at post offices as they used to, but that's not only because postcards are being replaced by Evites. For more than half a century, from 1911 until 1967, the Postal Service also served as a bank. Customers could walk down the street to the post office with their money and deposit it in a savings account there.
The system made sense back in those days, when the country was more sparsely populated and banks were harder to find, but post offices were everywhere. Over the past 50 years, though, the total number of bank branches in the United States increased from 16,000 to 83,000. What's more, people visit the bank less frequently these days, given the ubiquity of credit cards and direct deposit.
Still, there are still relatively few banks in many impoverished urban and rural neighborhoods, and Sen. Bernie Sanders (I-Vt.), a candidate for the Democratic presidential nomination, has a big idea for turning post offices back into banks. That's because he sees them as a place where the 68 million low-income Americans who currently rely on payday lenders and costly cash checking services could manage their affairs less expensively. (And banking might help the beleaguered Postal Service's bottom line as well.)
https://www.washingtonpost.com/news/wonkblog/wp/2015/10/29/bernie-sanders-has-a-pretty-revolutionary-idea-to-change-americas-post-offices/?tid=sm_tw
artislife
(9,497 posts)Friends from England were surprised they couldn't here.
Why not give it more services to provide?
I have Democrat friends who think we could cut down on the PO and I ask they why. Even third world countries have post offices. The UPS and Fedex etc, use the PO to deliver some goods. Why screw it up? It is the most democratic function in the government for the people.
aidbo
(2,328 posts)I like to ask them how much should it cost to send a letter across the country?