Offspring of Holocaust survivors have been the subject of much research into how traumatic events affect future generations. This study considers the effects of the Holocaust on the well-being rather than trauma of offspring of Holocaust survivors in Australia. 285 Jewish participants completed a questionnaire to measure components of subjective well-being. Analyses revealed that offspring of Holocaust survivors reported lower general positive mood than non-OHS. This result was limited to offspring of Holocaust survivors with two survivor parents. These findings imply that effects of the Holocaust are transmitted to nonclinical offspring of Holocaust survivors and that the number of survivor parents is a crucial determinant in understanding these transgenerational outcomes.