The Internet Innovation Alliance says a household can save $10,500 a year!
The Internet Innovation Alliance (IIA) finds that the average American household can save $10,539.09 per year on household spending through use of high-speed internet services, according to the organization’s latest Cost Campaign analysis. Before factoring in the average annual cost of a mobile data plan and a home broadband connection ($1,575), the yearly savings add up to $12,114.09. The financial analysis, “10 Ways Being Online Saves You Money,” was authored by Nicholas J. Delgado, certified financial planner and principal of Chicago-based investment bank Dignitas, in partnership with IIA
These numbers are always fun to have. I must admit when I looked at community ROI of public investment in broadband, I went with numbers that were much more conservative; we looked at an annual economic benefit of $1850 per household with broadband – because these numbers seem a little urban-focused.
I know the text won’t transfer well so I’ll post the picture (and table below) so you can get the content in the best way for you…
Top 10: Potential Internet-Enabled Savings on an Annual Basis
|Category||Average Spent (Annually)*||Average Saved Due to Broadband (Annually)||% Savings|