Ageing is a multifaceted process that is determined not only by the passage of time, but also by certain psychological, physiological, social, economic and cultural factors. Hence the experience of ageing by individuals differs across the countries and regions. Moreover there are variations in the experience of ageing even among the elderly within a country or region due to factors such as age, gender, marital status, health, place of residence, economic status, attitudes, work and retirement policies, importance given to social security, living arrangements, level of family support and sexual orientation (Calasanti and Sleven, 2001; Virpi, 2008). In general old age is seen both as a time of decline and fulfilment, depending on the individual and generational resources and opportunities to which persons have access during their lives.