Minkyung Gu ¹ Sohyune Sok ^2*

• ¹ Daejin University, Pocheon, Gyeonggi, Republic of Korea
• ² Kyung Hee University, Seoul, Republic of Korea

Background: The population of elderly people is rapidly increasing in South Korea. Consequently, elderly people’s life satisfaction, especially the retired elderly, is emerging as a social issue and not just an individual problem. Objective: This study aimed to examine and identify the factors affecting the life satisfaction of the retired elderly. Methods: A cross-sectional descriptive design was employed. The sample included 149 retired elderly living in Gyeonggi or Seoul, South Korea. The data included the general characteristics of study participants and the level of their life satisfaction, health conservation, self-efficacy, and social activity. The data was collected from January to February 2020 and analyzed using SPSS PC+ version 23.0. Results: The factors affecting life satisfaction in retired elderly were health conservation (β = 0.28, p < 0.001), self-efficacy (β = 0.26, p = 0.001), marital status (β = 0.24, p = 0.001), social activity (β = 0.18, p = 0.018), and family relationships (β = -0.15, p = 0.048). The explanatory power of the final regression model was 59%. Conclusions: The study suggests that to improve the life satisfaction of retired elderly, their health conservation, self-efficacy, social activity, and family relationships should be increased, and married status with spouse needs to be considered. Most importantly, health professionals need to pay attention to the factors that improve the life satisfaction of retired elderly in community fields.