Report: Broadband Still a Luxury for Many

As the poor get poorer, the rich get broadband. That is the key takeaway of a new report issued by research firm Leichtman Research Group Inc. (LRG) .

The report found that broadband subscription rates have increased dramatically over the last few years, with two thirds of all U.S. households now subscribed to high-speed Internet services. That compares with only 20 percent of households that had broadband services just five years ago.

But according to the report, broadband access in the U.S. is still heavily weighted toward middle- and upper-class residents. Just 37 percent of households making less than $30,000 a year subscribed to high-speed Internet services, compared with broadband subscription rates of 89 percent for households making more than $75,000 a year, and 70 percent for those pulling in $30,000 to $75,000 a year.

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– Ryan Lawler, Contentinople