Gigabit Fiber Can Add $326B to US GDP

Is gigabit internet worth it? Yes, according to a joint study by RVA Market Research and Consulting and the Fiber Broadband Association, there is a direct correlation between faster internet speeds and greater productivity, efficiency, and less wasted hours.

The study, which surveyed 3,500 consumers, indicated that the average consumer spends about three hours of interactive time online per day (setting aside time watching streaming content or in video conferences where delays do not generally apply). With internet file sizes growing larger year-over-year, the average “web-surfer” in 2024 (who has an internet connection of 100 megabits per second) ends up losing about 19.8 minutes everyday waiting for loading times. That means this person would lose about 138.6 minutes every week or about 120 hours every year waiting for their internet to load! Think about what can be done with that time.

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