This article addresses the debate on second-generation advantage and decline among Latinos by providing a post-recession snapshot based on geocoded data from the Current Population Survey (2008–2012). It reports three findings. First, second-generation Mexicans and Puerto Ricans are at a disadvantage, whereas other Latinos have achieved parity with native majority peers. Second, second-generation Latinos report significant progress compared to their parents and there is no evidence of a second-generation decline. Third, there is no difference in outcomes among second-generation Mexicans by immigrant destination type. Overall, these analyses yield an optimistic assessment of second-generation progress, while noting potential stagnation among third- and higher-generation Mexicans.