A person's or a family's socioeconomic status (SES) is an indicator of how well off they are in terms of material resources, opportunities, and social standing. It can be used to make predictions about a person's health, education, and career prospects, among other things, and is thus often regarded as a measure of economic and social well-being. In general, higher SES is linked to more advantages and privileges, while lower SES is connected with more hardship and deprivation. However, SES can be a complicated and multifaceted concept that is impacted by many factors, and its measurement can change depending on the situation. Current study is conducted to assess the correlation between socioeconomic status and psychological health. Participants for the current study were 112 college contractual lecturers from Jammu. Data was collected using simple random sampling with the help of standardised tools through survey. After the data was analysed using correlation with the help of spss 21. Findings of the study reveal a significant negative correlation between socio economic status and psychological health.