Differences in Personal Life Satisfaction According to Perceptions of Economic Polarization Among the Elderly

Objective : This study aimed to analyze the relationship between perceptions of economic polarization and personal life satisfaction among the elderly in Korea. By examining the effects of economic polarization perceptions on overall life satisfaction, work-life balance, and satisfaction with specific aspects of life, this research seeks to provide foundational insights for developing elderly welfare policies. Methods : This study conducted a descriptive, cross-sectional secondary analysis using raw data from the 2022 Korean Consciousness and Values Survey provided by the Ministry of Culture, Sports, and Tourism. A sample of 642 elderly individuals aged 65 and older was analyzed through descriptive statistics and analysis of independent t-test to examine differences in satisfaction based on perceptions of economic polarization, with statistical significance set at p > .05. Results : Elderly individuals with heightened perceptions of economic polarization reported lower satisfaction with income/assets and cultural/leisure activities. However, no significant differences were found in overall life satisfaction or future happiness expectations. Conclusion : This study empirically analyzed the impact of economic polarization perceptions on the quality of life among the elderly, highlighting the need for a tailored approach to address these perceptions in elderly welfare policy development. Future research is recommended to explore customized welfare policies and support strategies to mitigate such perceptions.