Apparently illegal immigrants have stopped spending money:
And the fallout has spread far beyond car dealers, which immediately felt the impact from a law that went into effect on July 1 requiring a Georgia driver’s license or ID card to get a car tag. It’s affecting bakeries, insurance peddlers, banks, food manufacturers, supermarkets, restaurants and other businesses.
Why the slowdown in spending?
Tougher state and local laws that affect illegal immigrants and the lack of resolution over their status after the proposed immigration reform collapsed in Washington earlier this year have left many saving money, spending less and wondering what will happen next.
Add to this a slowdown in the housing market, which affects the job stability of a portion of the Hispanic work force in Georgia.
“This is like a double whammy,” says UGA demographer Douglas Bachtel, who studies the Hispanic population. “Whenever there’s anything new, there’s fear and uncertainty, especially with the immigration status.”
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