Factors affecting the level of happiness through economics status: evidences from elderly in the northeastern region of Thailand Online publication date: Mon, 06-Sep-2021
by Jongrak Hong-ngam; Dusadee Ayuwat; Kesinee Saranrittichai; Nattawat Auraiampai
International Journal of Business and Globalisation (IJBG), Vol. 29, No. 1, 2021
Abstract: This study focuses on the level of happiness arising from the economic status of the elderly. It has placed emphasis on the elderly because the National Elderly Committee forecasted that the ratio of elderly population will rise from 17.5% in 2020 to 25.12% in 2030. To find out what factors, especially the economic ones, contributed to the happiness of the elderly is an important preparation for the aging society. The factors considered in this study include income, human capital, physical capital, accessibility to economic capital, etc. A sample of senior citizens in two northeastern provinces of Thailand was interviewed in this study. The overall findings revealed that saving money, having accessibility to economic capital, having self-esteem, maintaining relationships with family members and neighbours, and sustaining a way of life are the main factors.
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