This chapter explores the experiences and identities of second generation migrants in the context of multicultural policy. It first provides a profile of second generation Australians and their origins. It then addresses the changing policy context, and the extent to which policy has influenced popular understandings of national identity. Next the chapter considers the social mobility of second generation Australians, focusing upon educational and occupational outcomes; their marriage and family practices, highlighting issues of cultural integration; and their sense of identity and belonging. In exploring identity and belonging, the chapter considers qualitative research concerning diverse second generation groups of non-English speaking background. Finally, the chapter considers the meaning of multiculturalism for second generation Australians, its limitations and strengths.