Save money by being online
Staff Writer
2010-11-09
.bugnews.bloggieblog.com .
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."
Potential Annual Savings Garnered by Broadband Connectivity
* Percentage based on average spent annually, according to the
department of Labor Consumer Expenditure Survey(3)
1. Entertainment – Savings: $2,747 or 51.72%
2. Travel – Savings: $1,532 or 20%
3. Housing – Savings: $974 or 7.67%
4. Food– Savings: $965 or 25.70%
5. Apparel – Savings: $640 or 37.12%
6. Automotive– Savings: $438 or 1.5%
7. Newspapers – Savings: $193 or 100%
8. Gasoline – Savings: $95 or 4.76%
9. Non-Prescription Drugs – Savings: $76 or 24.20%
10. Bill Pay – Savings: $47 or 100%