Assessing Mediating Role of Financial Satisfaction in the Relationship of Financial Literacy With Quality of Life in Retired Older Adults

Objectives The world’s population is rapidly aging; hence, paying attention to the quality of life (QoL) elderly great importance. Financial satisfaction one important components QoL. present study aims determine association between financial literacy and QoL among retired older adults mediated by their satisfaction. Methods & Materials This descriptive cross-sectional was conducted in 2020 on 270 Qazvin, Iran. samples were selected through stratified random sampling method from 8 retirement centers data collected using demographic checklist, control, autonomy, self-realization, pleasure (CASP) scale, scale. Structural equation modeling used mediating role relationship with Results mean age 65.17±4.57 years. majority them male (n=166, 61.85%) married (n=245, 90.7%). Their Mean score 51.60 35.11 out 100, respectively. at a moderate level (Mean= 63.89 100). results regression analysis showed significant (P=0.006, β=-0.17) (β=0.25, P<0.001) life. also confirmed (P=0.014). Conclusion has positive Therefore, policymakers Iran are recommended develop pre-retirement education programs for improving elderly.