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Although both marital status and economic conditions significantly contribute to life satisfaction in later life, the effect of their interaction (or moderating) on life satisfaction has been understudied. Our goal was to examine whether marriage buffers the negative consequences of low income among elderly people. Using two large national survey datasets, the Korean Community Health Survey (n = 126,936) and the Korean Longitudinal Study of Aging (KLoSA) (n = 5687), we examined the relationship between household income, marital condition (marital status and marital satisfaction), and life satisfaction in Korean adults over 50. We found that increases in life satisfaction among individuals aged 50 and over were associated with higher income, marital status, and spousal satisfaction. We also determined that the beneficial effects of marriage, as well as marital quality, on life satisfaction are stronger in men. Moreover, separated/divorced status, but not bereavement or single status, moderated the effects of household income, such that the adverse effects of poverty were particularly pronounced among those who were separated/divorced. Furthermore, spousal satisfaction also moderated the effect of household income on life satisfaction among married men, indicating that marital satisfaction amplifies the effect of favorable economic conditions on life satisfaction. Because economic condition and relationship status are two key determinants of life satisfaction, understanding their interactions can improve overall predictions of life satisfaction.

Life Satisfaction in Later Life: The Interplay of Marital Condition and Income among Elderly Koreans