Many previous studies have found that daily life events influence community residents' perceived quality of life, which refers to the relative goodness of life as evaluated subjectively. A subsample population of 539 older residents, aged 55 and over, were interviewed in their homes. A 60-item scale was devised to measure the effects of "off-time" events on the quality of their lives. The measures assessed well-being and psychological adjustment. Major findings suggest that the stressfulness of life events for older persons may lie in their timing rather than in their frequency. (Author/BMW)