This is a study of decision-making patterns among urban community-living older adults. Focus is on the utilization of resources by the elderly. The sample consists of 410 respondents who were interviewed twice. The results show that action-taking related to a significant life event is the most important predictor of well-being. Significant differences also exist between those who seek information from others, use several alternatives, and are ready to take higher risks in their decision making, and those who do not seek information from others. Age, education, income, capability to make decisions, and satisfaction with decisions made are significant variables in perception of life events and decision making. (Author/DOW)