Social value means the beliefs of the people living in society about what is right and what is wrong and what is important in life. Every society has its own value which is different from other society and it hinders the culture of that particular society. In the past, we lived in peace and amity with others and showed respect to others rights, likes and dislikes. We were dutiful and responsible toward society. But society is changing continuously. At present, people hardly care about others. People are becoming selfish day by day. They only think about themselves. There are many reasons behind the degradation of social values. Nowadays life becomes complex. The children do not get proper knowledge about values from the family. Everywhere in the society there is imbalanced competition to go ahead. The effects of social value is on the wane. Family can play a vital role in this regard. Children should be taught not only formal learning but also informal learning by the society to preserve our own social values.