The Pew Research Center recently released a study titled Second-Generation Americans:A Portrait of the Adult Children of Immigrants. The report has many interesting findings regarding second-generation Americans which they defined as:
“…people born in the United States, with at least one first generation (immigrant) parent. People born in Puerto Rico or other U.S. territories with at least one parent born in a different country are considered second generation.”
The finding that surprised us the most was the homeownership rate among this group. The report reveals:
“Second-generation adults are more likely to own their own homes than are immigrant adults and are about as likely as the overall population to be homeowners. This pattern holds for all age groups. In 2012, the homeownership rate for second-generation householders was 64%, compared with 51% for immigrant householders and 65% for all householders.”
We knew that immigrant families coming to this country saw homeownership as part of the American Dream. We had no idea how quickly these families attained this goal.