Graying of population is one of the most significant characteristics of the 21st century. The older population faces a number of problems among them economic problem occupied an important position. This study has been conducted to examine the economic conditions of persons aged 60 years and older based on findings of interviews conducted with 743 elderly from rural areas under Naogaon district, Bangladesh using Probability Proportional to Size (PPS) sampling. Result shows that majority of the older persons are married, illiterate, working with family's monthly income less than BDT 3000, economically dependent, unhealthy and living with married children. Results based on bivariate analysis shows the economic condition of the elderly population vary significantly according to their socio-economic characteristics like age, sex, marital status, work status, family's monthly income and present physical condition. Logistic regression analysis indicates that determinant of economic dependency of the older person by sex. It can be argued that knowledge about the types of households in which elderly population live is a first step to understanding their needs in a part of the world with limited resources such as Bangladesh.