Building the Economic Resilience of the Silver Generation Through the Adoption of Technological Innovation: A Management Perspective

Abstract

The silver generation (elderly) faces economic vulnerability amidst increasing life expectancy and high living costs. This study proposes the adoption of digital technology as a strategic solution to build the economic resilience of this group. This study aims to analyze the mechanism by which technology adoption influences economic resilience, examining the mediating roles of digital literacy, social support, and self-management. The Research method employs a quantitative approach, utilizing Partial Least Squares Structural Equation Modeling (PLS-SEM) techniques on data collected through questionnaires from 100 elderly smartphone users in the Greater Jakarta area. The results indicate that technology adoption has a significant impact on enhancing digital literacy and self-management, which in turn positively contributes to economic resilience. However, technology adoption has not been shown to increase social support, and social support itself has no significant impact on economic resilience. These findings underscore the importance of an approach that directly strengthens individual competencies in economic empowerment policies for older people