This study examined the psychological consequences of having experienced traumatic events and non-traumatic stressful events including the relationship between self-reported experience of emotions at the time of the event and current Posttraumatic Stress Disorder (PTSD) symptoms. Undergraduates (N = 719) were assessed for past trauma history as well as symptoms of PTSD, depression, social interaction anxiety, and four domains of quality of life. Results indicated that while those who had experienced a traumatic event reported statistically significant higher levels of PTSD symptoms, these differences were no longer significant after other psychological distress factors were accounted for. Additionally, the results indicated that a wide range of self-reported emotions experienced at the time of the event were associated with current PTSD symptom level. While domains of quality of life and social anxiety were not significant predictors of PTSD symptoms in regression analyses, significant differences were found on these variables between those who had reported exposure to a traumatic event and those who did not. The small difference obtained between those who had experienced a traumatic event and those who had not provides evidence that any symptom difference between individuals who experience traumatic events and those who experience non-traumatic stressful events may be more statistically than clinically meaningful. Research, assessment, and clinical implications of this project are discussed.