Purpose – The purpose of this research is to verify mediation effects of finance stress within relation structure between income inequality recognized by the elderly and life satisfaction.
Research design, data, and methodology - In order to achieve the purpose of this research, we investigated recognition of income inequality of the elderly, finance stress and life satisfaction by using examination data aimed at 541 elderly people whose age is over 65 living in Chungcheongbuk-do. We conducted reliability, correlation, regression analysis_(tolerance limit and variance inflation factor) by using SPSS ver. 18.0.
Results – From the result of analysis, it was proved that there are mediation effects of finance stress within the relation between income inequality recognized by the elderly and satisfaction with life. Based on this result, we suggest practical and political proposals to increase life satisfaction of the elderly.
Conclusions - The purpose of this research is to verify mediation effects of finance stress in the relationship between income inequality and life satisfaction recognized by the elderly. From the result of research, first, a direct effect was discovered that as income inequality becomes high, life satisfaction will be decreased. Second, partial mediation effect of finance stress was confirmed in the relationship between income inequality and life satisfaction.

Abstract
 1. Introduction
 2. Theoretical Background
  2.1. Income inequality and life satisfaction
  2.2. Relationship between income inequality, financestress and life satisfaction
 3. Survey of the Material and Analysis
  3.1. Subject of research and investigation method
  3.2. Measurement tool for life satisfaction
  3.3. Measurement tool for income inequality
  3.4. Measurement tool of finance stress
  3.5. Control variable
 4. Methodologies and Empirical Analysis
  4.1. Population sociological characteristic of respondent
  4.2. Correlation between independent variables
  4.3. Relationship between income inequality and lifesatisfaction
  4.4. Relationship between income inequality andfinance stress
  4.5. Influence of income inequality and financestress for life satisfaction
  4.6. Mediation effect of finance stress in the relationshipbetween income inequality and life satisfactionrecognized by the elderly
 5. Conclusions and Limitations
  5.1. Conclusions
  5.2. Limitations
 References

• Jong-Jin Kim(Visiting Professor, Department of Social Welfare, Jungwon University)