The lives of many older people are more frequently negatively affected by the social and economic insecurity that accompany the demographic and developmental process (World Bank, 1994). The growth of individualism and desire for the independence and autonomy of the young generation (Serow, 2001) affect the status of the elderly. The studies show that the socioeconomic condition of older women is more vulnerable in the context of the demographic and sociocultural change (Tout, 1993). The condition of elderly poverty has been a consistent phenomenon in the Third World as the older population is deprived of the basic needs (Keyfitz.
