The COVID-19 pandemic has disrupted emerging adults’ daily routines due to social distancing, stay-at-home orders, and public and educational facilities’ closure. This article uses longitudinal panel data from Germany ( N = 625) to explore how the COVID-19 pandemic affects emerging adults’ mental health and life satisfaction. Specifically, we investigate risk and protective factors for within-person changes in life satisfaction and mental health using change score models. Our analysis reveals three main findings. First, we find a significant decline in emerging adults’ life satisfaction and mental health compared to pre-pandemic levels. Second, results show heterogeneity in life satisfaction and mental health trajectories. Third, limited peer contacts, financial strain, and returning to the parental home act as risk factors for longitudinal changes. Social integration, having an intimate partner, and self-efficacy act as protective factors. We discuss the implications of our findings for the consequences of the pandemic for emerging adults.

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