The elderly may experience shame, sorrow, illness, or even suicide if they lose their principal source of income. It might be detrimental to their psychological and emotional well-being. It is possible that effective therapies and support systems for the elderly may be discovered through applied research, therefore mitigating the negative effects of income loss. Examples include creating aging appropriate job, and possibilities, and implementing financial assistance programs. With a betterunderstanding of the root issues that make older people vulnerable, it may be feasible to design more effective policies and treatments. Those in positions should make it possible for seniors to retire with dignity by providing them with means of financial support, resources, job-readiness programs, and low-cost Housing. Building Community activities may help people cope with the loss of income and improve their quality of life.

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