New research shows strong growth in the number of U.S. households using fiber broadband, and a significant portion of that growth comes from smaller broadband providers.
To respond to consumers’ clear choices in favor of newer systems, the country needs greater investment in mobile and broadband rather than antiquated copper-based services that fewer and fewer people use.
As more and more economic activity happens online, affecting every industry, broadband itself has now become a critical national infrastructure that undergirds growth throughout the economy and ensures America preserves its competitive edge against other countries that seek to dominate increasingly global markets.
The Internet Innovation Alliance (IIA) finds that the average American household can now save more than $12,000 per year on household spending through use of high-speed internet services, according to its latest Cost Campaign analysis. IIA’s new supplemental whitepaper, “The Multiplier Effect of Broadband and the Income of American Households,” also examines how broadband helps generate income for Americans, particularly via the sharing economy.
Encouraging investment in 5G technology that will extend broadband to all Americans, from urban centers to rural areas, should be a top priority for policymakers. It’s also important that we show people how the internet is useful in their everyday lives. Luckily, the value of saving money is a major benefit with which everyone can identify.