Family values have changed a lot over the past few decades. The main reason for that is because society has been changing and becoming open there for change occurs in family and individual. The family is the first to affect the individual. It is the family, which gives the child his first experience of living. It gets him when he is completely uninformed, unprotected, before any other agency has had a chance to affect him. The influence of the family on the child is, therefore, immense. The influence of other agencies is although indispensable but it must build upon the ground work furnished by the family. Socio-economic status is defined as "an individual's or group's position within a hierarchical social structure. Socioeconomic status depends on a combination of variables, including occupation, education, income, wealth, and place of residence. The sample was comprised of 100 students of Govt. school. In direction of the basic aim of study, Family values, of students were examined in relation to their socio-economic status. For analyzing the data correlation, t-test and anova was used. The results revealed there is no correlation between Family values and Socio-economic status, which means if socio-economic status is high, average and low, it doesn’t affect the Family values. But girls are having more family values in comparison to boys. The F-ratio was also not significant at 0.05 level of significance, which further reveals that IX class student of Government Senior secondary school Chandigarh having no affect of high, average and low socio-economic status on their family values.