Purpose : To manage depression among people aged over 65, it is necessary to identify the factors that contribute to depression and to improve them. For the objective, this study aimed to investigate the impact of poverty and employment status on depression among people aged over 65. Methods : The 8th wave data from the Korean Longitudinal Study of Aging (KLoSA) were used, targeting 4,253 people aged over 65 in 2020. Results : The study found that depression was 1.79 times higher among people living in poverty compared to those not in poverty. Additionally, depression was 2.16 times higher among people who were unemployed compared to those employed. Conclusion : The study confirmed that poverty and employment status affect depression among older adults, highlighting the need for policies and systems to prevent poverty among them. Furthermore, various measures need to be taken at the national level to promote economic activity for older adults.