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The aim of the study is to examine such a question as: are older people today better off than older people from previous generations in terms of financial and social resources? And also we’ll try to answer the question whether increasing live expectancy is a result of improvement of living conditions for older people or it is the only result of medical science achievements. The paper investigates how the changes in population aged proportion influence on conditions of live of the older people, is it become better than the live of previous generations or not? Also data of such countries as UK and Russia are compared in order to see the differences and similarities and try to give some kind of recommendations. The article examines the determinants of the quality of life of older people such as life expectancy, income, social and marital support, the impact of innovation and how these factors changed over the past decades. © 2016 Published by Future Academy www.FutureAcademy.org.uk

The Changing in Welfare of Older People Compared to Previous Generations