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Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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Broadband Adoption on the Rise

Education, age and household income are the most significant factors correlated with home broadband adoption.

| BY Donald Liebenson

Seven-in-ten American adults ages 18 and older have a high-speed broadband connection at home, according to a new survey by the Pew Research Center’s Internet & American Life Project. This is up from two-thirds of adults who said they had home broadband in April 2012.

Education, age and household income are the most significant factors correlated with home broadband adoption, Pew found. Almost nine-in-ten college graduates have high-speed Internet at home, compared with just 37 percent who have not completed high school. Similarly, the study found, adults under age 50 and those living in households earning at least $50,000 annually are more likely to have home broadband than their older and less wealthy counterparts.

Not surprisingly, Americans who live in the city or suburbs are more likely to have home broadband than those who live in rural areas (seven-in-ten vs. 62 percent).

The proliferation of mobile devices such as smartphone are providing a majority of Americans with alternate form of “home” Internet access. Fifty-six percent of American adults now own some kind of smartphone, Pew reports, compared with the 70 percent who have broadband at home.

Pew does not include smartphones in its standard definition of what constitutes a “broadband user.” While many question whether they offer the same utility to users, they do offer a potential source of online access to those who might otherwise lack the ability to go online at all from within the home, Pew states. The report estimates that 32 percent of non-broadband users own a smartphone, which translates to 80 percent having either a broadband connection (24 percent), a smartphone (10 percent), or both (46 percent).

If you are still using a dialup connection, you are not alone, but you are part of a dwindling fraternity. Three percent of Americans use dial-up, Pew found.

About the Author

Donald Liebenson

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.