Three studies assessed parent-child agreement in perceptions of children's everyday emotions in typically developing 4- to 11-year-old children. Study 1 (N = 228) and Study 2 (N = 195) focused on children's worry and anxiety. Study 3 (N = 90) examined children's optimism. Despite child and parent reporters providing internally consistent responses, their perceptions about children's emotional wellbeing consistently failed to correlate. Parents significantly underestimated child worry and anxiety and overestimated optimism compared to child self-report (suggesting a parental positivity bias). Moreover, parents' self-reported emotions correlated with how they reported their children's emotions (suggesting an egocentric bias). These findings have implications for developmental researchers, clinicians, and parents. (Contains 5 tables and 3 figures.)