WASHINGTON, Nov. 9, 2010 /PRNewswire/ -- American consumers can save $7,707 a year by having access to and using high-speed broadband Internet, the Internet Innovation Alliance (IIA) announced today. The cost savings are detailed in a financial analysis titled, "The Real Cost of the Digital Divide," by Nicholas J. Delgado, certified financial planner and principal of Chicago-based wealth management firm Dignitas.
"As the economy continues to struggle toward a recovery and unemployment hovers near an all-time high, millions of Americans are desperate to make ends meet," said Delgado. "A critical step in shutting down debt and developing smart financial habits is getting online."
According to "The Real Cost of the Digital Divide," after factoring in the average annual cost of a home broadband connection – $490(1)– the typical American family could save more than $7,200 per year on essentials like housing, food, clothing and basics like entertainment and travel through discounts and sales only available to online consumers. The following savings are based on the average U.S. household income before taxes of $62,857(2).
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