Purpose: This research paper explores the significance of enhancing financial literacy
among the elderly. It focuses on a community program in Gundih Village, Surabaya,
conducted in August 2022, aiming to improve the elderly's quality of life through
primary financial education.Method: The study employed a comprehensive approach, including
workshops and assessments to teach critical financial concepts. Data was collected
through surveys, interviews, and observations analyzed quantitatively and qualitatively
to gauge the program's impact.Practical Applications: The study's findings have practical
implications. By equipping the elderly with financial knowledge, particularly in retirement
planning, savings, and loans, the program empowers them to make informed financial
decisions, reducing potential burdens on their families.Conclusion: This research
underscores the importance of financial literacy for the elderly. The program in Gundih
Village serves as a successful model, demonstrating that improving financial knowledge
enhances the elderly's financial independence, benefiting both them and their families.
