Let's hope we hear more about utilizing the post office for small savers. This is very doable and should be part of 2016 campaign. This would earn revenue to keep the post office solvent. They do this in other countries.
The inspector general’s office released a report today concluding that expanding the financial services post offices already provide could lessen or even close the post office’s annual deficit, making reductions in mail service unnecessary, while providing essential services to the estimated 68 million Americans who don’t have a bank account or have to use expensive check-cashing and payday lending outfits.
“For millions of underserved families, the Postal Service is already a part of their financial lives,” the report said, noting that post offices sold $21 billion worth of money orders in 2014. Yet, “in order to get the funds to purchase those money orders, many families likely first went to expensive check cashers to convert their paychecks into currency. What if those consumers could instead cash their paychecks at a post office for a lower fee? What if they also could pay bills, buy low-fee prepaid cards, and maybe even get affordable small-dollar loans, all in one convenient location? This could help consumers save money and time, and it would help the Postal Service fulfill its mission to facilitate commerce and serve citizens.”