Gaining financial independence is a prominent marker of adulthood. This study explored the experiences of a group of South African students (MAge = 22.24), with a specific focus on how the psychological tasks of emerging adulthood are embedded in the socio-economic context. Through the thematic analysis of 26 interviews, participants’ hopes, fears, and well-being (while managing student life shaped by an economically contentious situation) were unpacked. Considering the academic, personal, and social threats in their quests for independence, participants appreciated the support from parents, the university, and funders. Despite financial obstacles, they portrayed a strong personal commitment and resilience to excel academically, be financially liberated, and break the cycle of poverty. Hardship inspired dreams to secure a better future, a ‘soft life’, for themselves and others. Findings are discussed in juxtaposition with the responsibility of institutions to ensure a just society where emerging adults can flourish into financially stable adulthoods and futures.