Study: Having Broadband Saves You $7,700 Per Year
Study: Having Broadband Saves You $7,700 Per Year
Posted 11/12/2010 at 7:39am
| by Paul Lilly
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The Internet Innovation Alliance put together an interesting graphic detailing just how much money broadband subscribers potentially save every year by having "access to education, job opportunities, social networking, and on-demand information." Did you know, for example, that the average amount saved on entertainment (restaurant dining, sporting/concert tickets, and leisure activities in five U.S. cities) works out to $2,747?
Broadband subscribers can expect to pocket $1,532 in savings on travel costs, $974 on housing, and $965 on food.
"Congress and the FCC should focus their efforts on policies that encourage investment in more robust networks and policies that expand digital literacy to those offline, rather than aggressive regulatory detours that discourage investment," said Bruce Mehlman, IAA co-chairman.
Based on an average U.S. household income before taxes of $62,857, IAA reckons broadband subscribers save as much as $7,707 each year on various goods and services thanks to having a fast Internet connection.
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conradwar
November 13, 2010 at 11:15pm
Having a broadband is a step in the right direction. It allows one to save considerable amount of money per year. Even I do the same.<a href="http://www.extamaxsite.com/">Extamax</a>
tonymus
November 12, 2010 at 4:14pm
...and it ain't roses.
Having multiple outlets to buy things actually makes you SPEND more, the "savings" is just on percentage off on impulse items you probably didn't need anyway. A typical conversation in my house:
"Look, I just saved 30% on this ______"
"I could tell you how to save 100%...don't buy it in the first place."
Real savings can only be attributed to necessary goods and services, something most things sold on TV and the internets are not.
P.S. Get off my lawn!
violian
November 12, 2010 at 11:59am
People who have broadband are more likely those who have more disposable income to spend. They saved more money because they spend more. You can't "save" money on a purchase if you never purchased anything to begin with.
aviaggio
November 12, 2010 at 8:53am
Not to mention the tens of thousands saved by not having cable TV and liberal use of torrents.
nHeroGo
November 12, 2010 at 8:40am
Do people with fast connections spend more or do they spend less? Where does all this savings go? Does it go into their savings account, or do they just get a better deal and consume more? If more consumption equals more saving then I do not know what we are talking about. I can imagine that it is easier to spend more money if Amazon has you credit card and your shipping address saved so all you do is push the button and get things send to your door, or bid on ebay bo buy a used item for less than a new item in the store. My bank account must be stuffed to the rafters with savings.
linkmaster6
November 12, 2010 at 8:02am
Problem is a lot of ISP aren't expanding their coverage at the rate they should, they're more concerned about be able to outdo the other in terms of speed in high population areas. The thing that I don't think they realize is that if they got their thumbs out of their ass and did indeed expand outwards, it would help real-estate greatly. When people go to buy/build houses they look to be in an area that has high-speed coverage.
Markitzero
November 13, 2010 at 1:19am
I moved into a rural area in Oct 09 and I checked for DSL from verizon and they had DSL available after I got here and settled I called to order and all they had was Dial-up because during the time I was moving and got settled the last remaining DSL slots in the switching station got filled up. So all I could get was Dial-up. It Has been over a year and they have done nothing and I was on Dial-up for a few months before Virgin Mobile came out with there unlimited 3G so I cancelled Dial-up when I got 3G.
My area they didn't even have FiOS planned when they were laying fiber because it is considered a rural area. There is not even Cable TV were I am, it is Over the air or satellite. Then for the web it is eaither Dial-up "max 46.6Kbps", Satellite or 3G.
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