Letter to the Editor: Postal bank could help poor afford safe accounts

In 2006, Congress required the Postal Service to fully pre-fund 75 years of retiree health care benefits in 10 years. No one else has this burden; I know of no private businesses that do this. Unsurprisingly, the Post Office has difficulty finding the required $5.5 billion a year.

One way to help the Post Office is to allow it to offer banking services the way it did until 1967. Presidential candidate Bernie Sanders proposes “postal banking” to help the finances of the USPS and to help about 68 million low-income people find affordable banking services.

Today, about 28 percent of U.S. househol...