The chapter first introduces the concept of emerging adulthood as a period of life that is characterized by instabilities and fluctuations. Then, the role of goal setting and aspirations in individual development during this stage of life is discussed. Following this, seven chapters of the present special issue are introduced, and the ways in which goal processes affect individual trajectories and outcomes are discussed. The chapter concludes with a discussion of future perspectives in the field, such as the need to investigate the relationships between goals and goal adjustment, the need to carry out cross-cultural comparisons, as well as the need to develop intervention based on goal and aspiration framework.