“…Regarding the effects of the recession on young people's self‐views and subjective perceptions of well‐being, the research reported in this special section finds that the demands of the recession slowed the development of positive self‐views among adolescents (Johnson et al, ), among general population samples (Reeskens & Vandercasteele, ), and among undergraduate students (Park et al, ). Moreover, the recession was linked to increases in depressed mood (Johnson et al, ) and lowered levels of subjective health (Reeskens & Vandercasteele, ). However, the associations were not strong, especially not for adolescents (Johnson et al, ), suggesting that younger age groups might be better protected against the effects of the economic downturn than their slightly older peers who are preparing for the transition to independence (see also Schoon & Bynner, in press).…”