A bigger, better consumer market than millennials Ed Fernandez, start-up investor and advisor, former BlackBerry executive, and a member of the CNBC-YPO Chief Executive Network. (3 Hours Ago via CNBC.com)

With a 163 percent increase in population between 2010 and 2050, the U.S. Hispanic community will account for one-third of the country, according to U.S. Census data. The U.S. Hispanic population had purchasing power of $1 trillion in 2010 and is approaching $1.5 trillion this year — a 50 percent increase in just five years, according to a report from the Selig Center for Economic Growth.

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