The Internet Innovation Alliance has just issued a report based on the 2017 Consumer Expenditure Survey released by the U.S. Department of Labor that estimates the average American family can save about $10,500 per year by using broadband to take advantage of internet-enabled opportunities to effectively comparison shop, expand buying options, utilize mobile applications to identify nearby deals, and access online-only pricing. From IIA Founding Co-Chair Bruce Mehlman:
“In 2018, online purchasing power is taken for granted by the majority of Americans, but the reality is that many people are still missing out on the possibility of internet-enabled savings. We need to put policies in place that encourage the expansion and availability of high-speed broadband internet, especially fifth-generation wireless, to help close the digital divide and bring the benefits of broadband to all.”
For more information on the study’s sources go tohttp://internetinnovation.org/special-reports/savings2018/.
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