<jats:title>Abstract</jats:title><jats:p>This theoretical article aims to recognize the potential of intersectionality theory for understanding well‐being during childhood and adolescence, particularly from a community psychology perspective. Following the tenets of intersectionality, the article analyses and proposes three relevant dimensions for community psychologists, researchers and professionals interested in studying and intervening in children's and adolescents' well‐being. Those dimensions consider (1) adultism as an intersecting power axis fundamental for understanding well‐being, (2) the acknowledgment of diversity in well‐being conceptions and experiences as a critical issue and (3) the need for advancing studies that involve praxis and engagement in transformative changes for child and adolescent well‐being.</jats:p>