Resilience and Life Satisfaction: Predictors of Well-being in Pensioners and Non-Pensioners

Abstract

Aging is a natural phenomenon that brings along changes in physical, psychological, and social conditions. One being the transition from becoming a working to a non-working person, i.e., the retirement phase. Getting pension can ensure one is able to maintain a secure lifestyle. However, in India, majority of older adults are still not entitled to any pension after retirement. Thus, the present study aims to understand the impact of resilience and life satisfaction on well-being of pensioners (n=70) and non-pensioners (n=69). The study uses independent t-test, Pearson correlation, and multiple regression to analyse the data. Results suggest that a significant mean difference exists for all three variables among pensioners and non-pensioners, wherein, resilience, life satisfaction, and well-being are higher in pensioners. This study suggests an organized and time-bound expansion of governmental initiatives regarding pension schemes and health-related policies, which in turn will help in promoting the well-being of the elderly.