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Achieving the American dream remains a challenge for many, but majority of Hispanics still consider it possible with hard work. (Photo: Unsplash/Omar Lopez)

Latin Americans believe that hard work will bring success and that each new generation is better off than previous generations more than the general public, according to a new Pew Research study.

However, Latin Americans say the American dream is still hard to achieve. Nearly 74 percent of the study's Hispanic respondents say it is difficult for them to achieve the American dream, while 51 percent say they have achieved it as of today, per the Pew Research Center. Of the survey respondents who feel that they have achieved the American dream, 26 percent attribute their success to homeownership and/or financial stability, 25 percent cite work and career, and 24 percent name hard work.

More than three-quarters of Hispanics (77 percent) said at the time that most people can get ahead with hard work, a higher share than among the U.S. public (62 percent) in 2016. For Hispanics, similar shares expected their standard of living to be better than that of their parents (75 percent) and expected their children to be better off than themselves (72 percent). Among the U.S. public, by contrast, just 56 percent expected to be better off than their parents, and 46 percent expected their children to have a better standard of living than they did.

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