This research is to study the perception of folktale bearers about \"life of the elderly and the meaning of their family\" presented in folktales. My research contributes to ascertain that traditional value has prominently changed through modernization process in folktales. Folktale bearers demonstrate the notion that the responsibility to support aged parents was given not only to the biological sons, but also to the daughters or adopted children as well. Moreover, they emphasized the fact that emotional stability in the family relationship as well as financial support is essential for affluent aged life. The folktale, which tells the story that parents-in laws reconciled with their daughter in-laws as they actively help the housework, presents the need for the elderly people to prepare a plan to take in partial charge of practical tasks and realize themselves within their family. It could be perplexing if the elderly are regarded as \"only the demanding generation\" or \"burdening existence\" to their offspring. A folktale presents the necessity of establishing and conducting flexible filial piety notion to satisfy the elder\'s basic needs and desires beyond the conservative concept of filial piety that offspring must live with their old parents to support them. In the folktale, the widowed elder tends to prefer establishing his own new family by finding out a new spouse to enduring uncomfortable life by living with their children under the same roof in order to avoid conflict. Furthermore, as this issue is not applicable only to male elders, this trend is the result of reflecting the idea of narrators who recite this folktale at the end of 20th century. All things considered, through the numerous folktales to tell the process of conflict and reconciliation between the aged parents and their children, it is reaffirmed that a family can be in harmony when each member of family cares and keeps the pace with each other.