This report compares immigrant and nonimmigrant youth along 40 indicators of wellbeing, making comparisons by generation and by race and ethnicity. Immigrant youth are born abroad or born in the United States of foreign-born parents. In most outcomes examined, immigrant youth become more similar to nonimmigrants across successive generations, but inequalities persist in most outcomes. Analysis by race and ethnicity show a U turn in third generation Latinos as differentials that had been reduced or that had disappeared by the second generation reemerge or increase by the third generation.