The current study examined the relationship between socioeconomic status and psychological wellbeing of university students in Pakistan. The Study consisted of two questionnaires i-e. Kuppuswamy scale (kuppuswamy,1981) and Ryffs Scale (Carol D. Ryff, 1989). The sample consisted of 113 participants. The sample size was late adolescents (18-24 years). The findings of the study revealed that there is a positive correlation between socioeconomic status and psychological wellbeing. The findings of the study revealed that the psychological wellbeing of female university students is getting more effected from their socioeconomic status than male students. The findings of the current study would be helpful for psychologists, psychiatrists and mental health workers to design different intervention planes for the treatment of different psychological issues of adolescents.

 Key words. Adolescents, psychological well-being, Socioeconomics