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How can we conceptualize and measure the personal well-being of older people? What future research agenda and policy reforms are necessary to maintain decent well-being for older people, in the context of aging populations? The great strides towards rising longevity made in recent times now pose challenges for policymakers worldwide. Facing unprecedented rises in social expenditures and needing to mitigate the moral hazard of poverty in old age, policymakers require a holistic understanding of the personal resources of older people. To this end, this book provides new insights, which draw on important new longitudinal datasets. Research is undertaken on three themes: the conceptualization and measurement of the multidimensional measures of older people's welfare; the income experience of older people during the aging process; and, the comparative analysis of income experience for older people who live under different institutional arrangements for pensions and social assistance, in the UK and the Netherlands.