Emerging adulthood is a new developmental period between adolescence and adulthood and as such represents a research challenge. The period is characteristic for young people who are between 18 and 25 years of age, who have formally become adults, but due to industrialization and social progress have not become financially independent, self-contained, and responsible. The question is how these young people perceive meaning of themselves and their life. Since the meaning of life is defined as the main motivation in life, which affects personal growth and development, it is important to see how this aspect of psychological well-being develops in young emerging adults and how it is influenced by the context of development. Accordingly, the goal of this research was to examine how sociodemographic characteristics, aspects of the developmental status of emerging adulthood, and concerns about current social, economic, and security stressors explain individual differences in the sense of life among young adults in emerging adulthood. The data collection was conducted by the mean of online questionnaires. The sample consisted of 535 participants (67.9 % females) of average age of M = 21.8 (SD = 2.11) years. Hierarchical regression analysis showed that the specified set of variables explains 30% of the variance of the predictor variable meaning of life. The results indicated that emerging adults who are in a relationship, are more religious, have higher levels of other-orientation, have higher levels of self-orientation, and those having lower levels of instability as the aspect of emerging adulthood reported higher sense of meaning in life. The most significant predictor was instability which is one of the characteristics of emerging adulthood.