The study analyzes the forces leading to or impeding the assimilation of 18- to 32-year-olds from immigrant backgrounds that vary in terms of race, language, and the mix of skills and liabilities their parents brought to the United States. To make sure that what we find derives specifically from growing up in an immigrant family, rather than simply being a young person in New York, a comparison group of people from native born White, Black, and Puerto Rican backgrounds was also studied.