Taking into account the individual contributions of family relationships for wellbeing and resilience is highly important to the development of healthy individuals, families, and society. The aim of this research was to explore the links between parental resilience and awareness, and adolescents' relative deprivation and wellbeing using the actor-partner interdependence model (APIM). In this model, reciprocal effects between dyadic partners, such as parent-child pairs, could be analyzed. 992 participants, including adolescents and one of their parents, voluntarily participated in the study. The parents were 42.79 (SD = 5.83) years old, while the adolescent participants were 15.04 (SD = 1.21) years old. The results of the analyses indicated that adolescent relative deprivation predicted adolescent wellbeing, and parental mindfulness predicted parental resilience as actor effects. Adolescent relative deprivation predicted parental resilience, and parental mindfulness predicted adolescent well-being within the parameters of the obtained partner effects. Relative deprivation was identified as a detrimental indicator of both the resilience of parents and the well-being of adolescents. Conversely, the mindfulness of parents was discovered to benefit both their own resilience and the well-being of their adolescents. As a result, parental and child intervention programs should be developed in tandem, and psychological processes within the family should be investigated at the individual and relationship levels.