> Second generation immigrant children from first generation parents sounds like the American Dream working as-intended to me!

If your definition of the American dream is the tiny fraction of poor Asian kids that get into Stanford you have a screwed up definition of the American dream, which is built on people that go to Cal State LA and never had G&T programs.

> This can simply mean being a functional member of society that participates within their community.

People that work in factories and retail are also functional members of society and your sentence does not seem to imply that when you drew a contrast there.