This paper discusses the main restrictions, problems and dilemmas that social provision faces in Latin America in a context of demographic changes and low achievements in the economic performance, particularly in the labor market. It is proposed the need to adapt the general social provision matrix as function of priorities and restrictions set by financing access. Due to the limited labor performance, labor income represents an insufficient source of financing and, in some cases, is inadequate to finance the basic social provision, which should be based of noncontributing criteria. Nevertheless, labor market together with pensions, will continue constituting one of the main pillars of income sources and socioeconomic security for the older adults in Latin America. Thus, a higher labor participation of this age group is expected, which leads to reflections on the soundness of labor.