The COVID-19 viral outbreak is a one in 100 year public health crisis. In addition to the stunning morbidity and mortality rates related to infection, multiple psychiatric sequelae erupted. Unfortunately, children and adolescents are neither immune to infection nor to the emotional consequences associated with the pandemic. Not surprisingly, the field’s understanding of the psychological consequences of the viral outbreak are nascent. Consequently, this study examines the relationship between parents’ and children’s intolerance of uncertainty (IU) and their reactions to COVID-19. Seventy-three parents and 62 children participated in the on-line survey utilizing innovative measures of IU and COVID-19- related thoughts/behaviors. The results revealed remarkable similarities in parents’ and children’s responses. Parents’ and children’s reports of the impact of COVID on their lives were highly correlated (r = .53, df = 60, p < .001). Parents’ perceptions of children’s COVID-19 thoughts and behaviors were strongly aligned with the youths’ self-report of their COVID reactions (r = .69, df = 60, p < .001) as well as the appraisal of the virus’ impact on their lives (r = .-.42, df = 60, p < .001). Finally, children’s reports of their COVID-19 related thoughts and behaviors were significantly linked to their IU (r = .60, df = 60, p < .001). Methodological limitations notwithstanding, the study’s findings provide compelling implications for the conceptualization, assessment, and treatment of emotional distress in the peri- and post-pandemic periods.