One hundred four 18- through 36-year-old students (M = 22.6 years, 44% men) were recruited from Karakoram International University, Gilgit city, Pakistan. The adult version of the Parental Power–Prestige Questionnaire was administered to participants along with short forms of the adult Parental Acceptance–Rejection Questionnaire for mothers and for fathers, the adult version of the Personality Assessment Questionnaire and the Gender Inequality Scale. Results showed that perceived paternal and maternal acceptance were significantly correlated with the young adults’ psychological adjustment. Neither power nor prestige was significantly correlated with adjustment. Hierarchical regression analysis indicated that both perceived paternal and maternal acceptance independently predicted offspring’s psychological adjustment, while perceived parental power and prestige failed to predict their psychological adjustment. Perceived parental power and prestige were also evaluated as possible moderators in the relationship between paternal and maternal acceptance and psychological adjustment, but findings were not significant.