Accelerating demographic ageing of European population has become a focus of scientific attention in recent years. Senior population comprises an important and growing part of the overall population. It has its own characteristic consumption patterns, savings, investments and income-expense situation and it plays different social, professional and family roles. The objective of the article is to characterize the situation of silver generation in Slovakia using the Statistics of Household Budget Survey, EU SILC and sociological survey of ISSP Slovakia. Description of the social and economic situation of seniors is complemented by the information of their quality of living. The data are compared in time and the silver economy in Slovakia is assessed in the context of other EU Member States.