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 |
| Entertainment | $3,203.00 | $1,692.79 | 52.85% |
| Healthcare | $4,928.00 | $1,600.00 | 32.47% |
| Housing | $16,062.00 | $3,413.18 | 21.25% |
| Food | $4,363.00 | $684.55 | 15.69% |
| Apparel | $1,833.00 | $921.45 | 50.27% |
| Automotive | $35,889*** | $3,383***** | 9.43% |
| Newspapers | $288.34** | $167.33 | 58.03% |
| Gasoline | $1,968.00 | $157.64 | 8.01% |
| Non-Prescription Drugs | $338.00**** | $53.00 | 15.68% |
| Bill Pay | $41.16** | $41.16 | 100.00% |
