It seems that Democrats have now completely lost their lead in latino voting preferences, and latinos look set to vote 50/50 in 2022, which is worse than even 2020.
The theory I´ve heard in a few places is that latinos are not onboard with the woke social justice agenda and are supposedly more practical and down to earth.
For a very short summary see here:
Analysis: Democrats have a major problem with Hispanic voters
If you can spare 10 minutes on this, see here:
It's Not As Bad As You Think—It’s Worse
theliberalpatriot.substack.com
Alternately, here are some key quotes from the above
"It is hard to avoid the conclusion that Democrats have seriously erred by lumping Hispanics in with “people of color” and assuming they embraced the activism around racial issues that dominated so much of the political scene in 2020, particularly in the summer. This was a flawed assumption. The reality of the Hispanic population is that they are, broadly speaking, an overwhelmingly working class, economically progressive, socially moderate constituency that cares above all, about jobs, the economy and health care."
"Hispanics opposed defunding the police, decreasing the size of police forces and the scope of their work and reparations for the descendants of slaves by 2:1 or more. The findings about relatively positive Hispanic attitudes toward police have been confirmed by poll after poll, as concern about crime in their communities has spiked".