As the global population structure aged more rapidly and the digital technology revolution became deeply integrated, the interaction between the elderly and the digital economy turned into a cutting - edge area in academic research and practical exploration; based on the panel data regarding the digital behavior of China's elderly from 2023 to 2025, this study constructed two - way fixed - effects models and structural equation models (SEM) to empirically investigate how the digital economy influenced the consumption behavior, social participation, and well - being of the elderly; the results showed that the internet penetration rate among the elderly had reached 52.5% but was still about 30... More >