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I think you're probably right as pertains to the US, but the people I deal with that sell a lot of stamps on ebay indicate that the hobby is very popular and getting more popular in China and eastern Europe, so maybe there is hope.

One of the problems that I've always felt is a hinderance to the hobby here (USA) is the USPS itself. They issue way too many stamps every year with way too many varieties. It's impossible for most adults with paying jobs (myself included) to keep up, much less a kid with a minimum wage job or just an allowance.
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