Perceptions of present, ideal, and future lives among 12 Chinese adolescents experiencing economic disadvantage were examined via qualitative interviews. Results showed that most of the adolescents evaluated their present lives positively. In general, they also had positive perceptions of their future lives, although there also were some negative feelings. Although money did not play an important role in their perceptions of present lives, future lives, life goals, and ideal careers, economic sufficiency emerged as a major theme from the perspective of their ideal lives. While adolescents with better psychosocial adjustment appeared to evaluate their present lives more positively than did adolescents with relatively poorer psychosocial adjustment, no differences were found between the two groups in terms of their views on ideal and future lives.