A Reuters study on consumer spending indicates that Latino spending for non-essential goods and services is in a sharp decline. A recent surge in deportations is causing Latinos, even those who are U.S. citizens, to curtail their shopping out of fear of deportation or harassment. The CEO of Target, Brian Cornell, says that Latinos are staying home and going out less often. Experts say that brands popular with Latinos such as Nike, Sketchers, and Vans could take a big hit however, essentials, such as food and household items, are showing less of an impact. In my view, this is only the tip of the iceberg. Latinos are the U.S. economic drivers behind everything from consumer spending to labor force growth. While Latinos are extremely resilient, bounce back spending typically occurs very gradually. It will be fascinating to see how our policy makers respond once corporate profits and the national GDP start to tank.