Today, the problem of formation and life of generations is becoming very relevant. Many researchers in different countries note that representatives of the information younger generations have an increased risk of depression, anxiety and fears. In the study, we note the manifestations of modernity: transitivity of society, fluidity, “uncertainty” and etc. In this regard, young people face fluid socialization, a delay in the period of growing up and excessive parental care. There is a tendency of replacement of real contacts of young people with virtual ones, which can increase the level of anxiety. The trends of changing values in Russia in the direction of survival established earlier by Inglehart and Baker (2000) may have different prospects today. Some researchers show a high level of anxiety among young Russians. The situation with COVID-19 may aggravate these manifestations. Illusory correlations, false representations in the beliefs of young people also increase social anxiety. These realities determined the purpose of the study: to determine the value bases of young generations fears of the modern South of Russia. The sample included: schoolchildren (born in 2004-2005) - 150 people, schoolchildren of the 9th grade and 10th grade, information generation (born in 1995-1999) - 210 people, students, young workers, transition generation (born in 1965-1982) - 245 people, working adults of Rostov-on-Don. We used the following techniques: values were measured by S. Schwartz method, to determine fears we used the V. Pishchik method of determining values through actualized fears. The results of the study showed that the values of preservation and self-affirmation are more pronounced in the “Transition” and “Information” generations. The values of transcendence are expressed in all the studied generations with a greater extent in the “New” generation. The loss of culture scares the “Transitional” generation, the loss of oneself scares the “Information” generation, the information overload scares the “New” generation. We defined the value bases of the fears of the young generations of the modern South of Russia.