Hispanic Fanatic

Yes, I’m a proud member of Gen X, in all it’s cynical, world-weary, Nevermind glory.

However, Gen X is being pushed off the stage by those pesky Millennials. And what do these interlopers look like (particularly the Hispanic ones)?

Well, Latinos age 18 to 34 are focusing on getting themselves educated. However, they are not so interested in setting up their own homes.

These insights come from a recent study that found Millennial Hispanics “are almost 20% more likely than non-Hispanic whites in the same age group to reside in a multigenerational household.” That means more young Latinos are stuck living with mom and dad. They’re also getting married later. About a third of “Hispanic young adults today are married — down 17% since 2008.”

But they are going to college. Almost half (49%) of Hispanics 18-24 are enrolled in college, and this is “a higher enrollment rate than non-Hispanic whites (47%).”

So if Gen X Hispanics must make way for Millennial Latinos, at least we know they will be well educated. Now if they could just get out of their parents’ basements.

Recently, everybody’s favorite crazy uncle of old media, the New York Times, asked the loaded question, “What Drives Success?” The article pointed out that some ethnic groups are more economically successful than others, and it pinpointed three reasons for this. The first is “a superiority complex — a deep-seated belief in their exceptionality. The second appears to be the opposite — insecurity, a feeling that you or what you’ve done is not good enough. The third is impulse control.”

It’s an interesting thesis. But lost in the analysis and point-by-point explanation was this side note: “Most fundamentally, groups rise and fall over time. The fortunes of WASP elites have been declining for decades.”

In other words, nobody stays at the top or the bottom forever. And as the article points out, “The fact that groups rise and fall this way punctures the whole idea of ‘model minorities’ or that groups succeed because of innate, biological differences.”

So for all the people who think Latinos are innately inferior, keep in mind that there are some “Hispanic groups in America that far outperform some white and Asian groups,” and that this trend is likely to accelerate.

The fortunes of groups twist and turn in a perpetual cycle. And one can choose to find that either comforting or terrifying.

I’ve written before that Latinos tend to be more optimistic about life and have more confidence in their economic futures.

Well, a new survey confirms that Hispanics’ “faith in the American Dream exceeds that of whites and African Americans,” adding that this optimism “contrasts sharply with the current economic status of Hispanics.”

Basically, even though the Great Recession hit Latinos harder than most groups, it is those same Hispanics who have the strongest belief that everything will work out fine. According to the survey’s authors, “the upbeat attitude … is due in part to the fact that Hispanic immigrants often start with little and expect to sacrifice much to move up, while native-born adults may have already seen their expectations lose ground in an ailing economy.”

So whites and blacks, whose roots in America are more likely to go back generations, tend to say, “This sucks worse than ever.” But Latinos often shrug off the same bad news with “I’ve seen worse.”

Still, as great as it is that Latinos are remaining optimistic and staying strong, “the reality for most Hispanics is less rosy” than their faith implies.

So the question becomes, is this determined mindset a self-fulfilling prophecy, where hard work and a never-say-die spirit is rewarded? Or are Latinos just saps for still believing “they are more likely to move up than down in social class over the next few years”?

In any case, the survey points out that “the hopes and struggles of Hispanics are of particular interest now as they are exercising unprecedented political clout.”

Yes, it’s good to have faith. But it’s better to have power.