Population ageing is the global process that manifests itself in the dramatic increase in the number and proportion of persons aged 60 and over, and has been one of the most significant global phenomena in the 20th century. The first quarter of the 21st century has often been called “The Age of Ageing”. It is very important to study not only what elders have, but also how they are living and how they feel. Georgia is at a stage where the population is ageing mainly due to a decline in its birth rate. Since the country became independent in 1991, the proportion of the population aged 60 and over has increased from 14.7% to 18.6% in 2011. In Georgia every second household includes at least one family member aged 60 or over. In this paper special attention will be paid to study the well-being and living arrangements of Georgian elders based on the results of the Generations and Gender Survey in Georgia.