The Effects of Social Factors on Elderly Well-being

Objective - The World Health Organization claims that in almost every nation, including Malaysia, the number of persons over 60 rises more quickly than in any other age group. A significant worry for health and quality of life is how to mature successfully and accept well-being. Considerable interest is also being shown in well-being-related topics. As a result, this study will look at the social variables, such as social networks, social support, and social activities, that can significantly boost elderly wellbeing. Methodology/Technique - Using purposive sampling techniques, 200 structured questionnaires were distributed to Malaysian seniors ages 60 and above. However, only 150 usable questionnaires were completed. This work examined the research model using partial least square structural equation modelling (PLS-SEM). Findings – The results show that social networks significantly influence elderly well-being. However, no significant correlations were discovered between social activities, social support, and elderly well-being. Furthermore, the research model explains 63.1% of the substantial variation in elderly well-being. This study used the social theory of aging to comprehend the social elements that affect the well-being of the elderly. Novelty - The health of Malaysia's senior population has long-term economic and social advantages, making this study crucial. As a result, it needs to be significantly upgraded and improved by putting applicable rules and standards in place. Type of Paper: Empirical JEL Classification: I38, J14. Keywords: Social networks; social support; social activities; well-being; elderly Reference to this paper should be made as follows: Fadzil, S.N.M; Osman, I; Ismail, S; Hashim, M.J.M; Khamis, M.R. (2022). The Effects of Social Factors on Elderly Well-being, J. Mgt. Mkt. Review, 7(3), 150 – 159. https://doi.org/10.35609/jmmr.2022.7.3(7)