This research aims to inspect how financial loss that is faced by the elderly with
disabilities, influences their social participation and acceptance of the disability. The data
and analyzed for this research is collected from the 318 elderly disabilities subjects from
Gyeonggi and Chungcheong, who are over 55 years of age and selected through
snowball sampling. Based on the analysis, in stage 1, the relationship between the
elderly’s financial loss and their social participation shows that β=-.307 and
t=-5.712(p<.000). Meanwhile, in stage 2, the relationship between the elderly’s financial
loss and acceptance of the disability shows β=-.290 and t=-5.442(p<.000). Furthermore,
analysis of the acceptance of the disability and its mediating effect, showing β=-.260 and
t=-4.680(p<.000) affirmed that it has a negative effect on the relationship between the
elderly’s financial loss and their social participation. Through this research analysis, it is
attempt to provide a basic understanding about financial loss of the elderly with
disabilities, acceptance of the disability and their social participation in the field of social
welfare and suggest practical methods of intervening for increasing the acceptance of the
disability and their social participation.