Americans are paying more money for slower internet than Europe, Canada and Asia.
According to a study from the Pew Research Center, it was revealed that 7% of Americans do not have access to reliable broadband. CNBC finds that one reason may be how expensive internet access is in the U.S. The Open Technology Institute has been studying the price and speed of internet services advertised within the United States as well as abroad. Its 2020 Cost of Connectivity Report found that the average advertised monthly cost of internet in the U.S. is $68.38, which is higher than the average price of internet access for all of North America, Europe and Asia. Outdated infrastructure in the U.S. may also be impeding internet access to millions of Americans, and lawmakers have been debating how to increase internet availability and performance.