The aim of this study was to examine the influence of living status on Generation Y’s SWB. Using a correlational quantitative design online survey responses were analysed from 107 Irish residents (20-35 years). Variables of living status, length of time in residence, ability to save for housing, internal control, and powerful others were investigated for their effects on life satisfaction, positive and negative affect. Results indicated a significant difference between life satisfaction and negative affect but not positive affect across living status groups. Length of time in residence and ability to save for housing was found to not be significant across SWB variables. Internal control was found to significantly predict life satisfaction and positive affect, but not negative affect. Powerful other significantly predicted all SWB variables. In conclusion, findings show adults living in the parental home are less satisfied with life and experience more negative emotions than those living independently.