That junk mail and those bills that arrive on your doorstep within about a day of being sent are going to take longer to reach your home starting next March.

With the U.S. Postal Service bailing furiously to keep their boat afloat in an angry ocean of electronic communications, the agency said Monday that certain drastic steps would need to be taken to keep mail delivery a reality in the foreseeable future.

To save billions of dollars each year, the USPS is planning to shutdown hundreds of mail processing centers across the nation and eliminate thousands of jobs.

The most immediate effect that will have on Americans is first-class overnight mail no longer arriving the next day next or even the day after.

A steep drop-off of letters is the reason the post office has been bleeding money all these years. In 2001, there were an estimated 104 billion first-class mail deliveries. That number today is down to 75.3 billion pieces annually and will fall to 39 billion deliveries by 2020.

All told, the USPS would close half of its 500 mail processing facilities next year at a savings of $2.1 billion annually although 28,000 jobs would go away. By 2015, the USPS wants to cut 120,000 positions for a possible savings of $20 billion.