The prolongation of life expectancy has opened unprecedented opportunities for the growth of aggregate resources, accumulation of human capital, and the use of individual human potential. Moreover, as the measure of human responsibility for personal development throughout life increases (Blair and Schroeder 2000), the importance of education level increases, especially with regard to ensuring the continued social, economic, psychological, and emotional well-being of older adults. The focus on the association between education level and the subjective perception of well-being among older adults is motivated by the fact that this is currently the fastest growing age group in the world. Regarding Russia, the number of people past retirement age is 24% of the population now. An aging society requires fundamental changes in socioeconomic policies, especially those that focus on the needs of senior citizens. However, it is important to consider regional differences. In particular, the Tomsk region has been recognized as one of the country’s top producers of university students. In fact, the region exceeds the Russian average by more than one-and-a half. In addition, one in five citizens is in the older age group while the proportion of those aged 60 years and above is steadily increasing.