A SOCIOLOGICAL STUDY ON ECONOMIC STATUS OF RETIRED GOVERNEMNT EMPLOYEES

Abstract

The economic status of retired individuals is a critically important subject matter in the discipline of Sociology, as it covers various dimensions of social, economic, and psychological parameters of the concerned people. This study aims to explore the socio-economic challenges faced by retired individuals, focusing on factors such as income, health, social interactions, and overall quality of life. The research is conducted through a mixed-methods approach, combining quantitative data from surveys with qualitative insights from in-depth interviews. The findings reveal that retirement often leads to a significant reduction in income, which in turn affects the standard of living, unsettled socio-economic obligations and access to healthcare. Socio-psychological bonding is more or less depends on the economic status in contemporary societies. Social isolation and a sense of alienation are common among retirees, resulted by the loss of professional identity and reduced social engagement. The study also highlights the disparities in economic status based on factors such as gender, education, and the class of service.

The study suggests the need for comprehensive policies that address the financial, social, and health needs of retired individuals. By understanding the socio-economic challenges faced by retirees, targeted interventions, while making welfare policies, would be necessarily taken   to improve their quality of life and to ensure a dignified retirement.