I have posted several times on the rise of Hispanic households in recent years, including relatively rapid growth in wealth (from very low levels), home buying, and education, despite overall lower economic status. Pew provides us with an overview:
Since 1965, people from Latin America have accounted for about half of the 59 million immigrants who have come to the United States from around the world. In 2019, Hispanic immigrants living in the U.S. made up 44% of the nation’s 44.7 million immigrants. A quarter of the U.S. immigrant population, or 11.4 million, is from Mexico alone,
Most Latinos born in either Puerto Rico or another country (84%) say that if they had to make the choice again, they would migrate to the U.S., including 78% of those who are not U.S. citizens and do not have a green card.
In 2019, 19.8 million Hispanics living in the U.S. were born in another country, accounting for one-third (33%) of the U.S. Hispanic population. The share of Hispanics born in another country rises to 45% among Hispanics ages 18 and older.
About eight-in-ten U.S.-born Hispanics (79%) say the opportunity to get ahead is better in the U.S. than in their ancestors’ place of origin, with large majorities across generations saying so. The share rises to 87% among Hispanics born in Puerto Rico or another country.
On the other hand, Hispanics are far more likely to say that the strength of family ties are better in their country of origin than in the United States.