Thinking about the future is paramount in emerging adulthood. The present study examines the role of economic strain during macroeconomic hard times and family functioning on emerging adults’ domain-specific future hopes and fears and their links with psychological well-being. Participating were 418 Portuguese emerging adults aged 18–30, mean (M) = 22.4; standard deviation (SD) = 2.8. Results from path analysis showed that greater economic strain was associated with a higher number of financial resources–related hopes and fears, positive levels of family functioning were associated with a higher number of work/career-related hopes and fears, and a higher number of property-related hopes were associated with a greater psychological well-being. Multigroup analyses indicated that these associations were moderated by living arrangements but not by participants’ sex, age, occupational status, and socioeconomic status. In sum, this study shed light on emerging adults’ lives during times of financial instability in Portugal.
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