Anticipated Retirement Incomes
 Although family incomes drop after retirement, living costs
 also tend to decline. The majority of respondents in this survey
 either owned their homes free of mortgage indebtedness, or
 expected to attain outright ownership before or by the time
 they attained age 65.
 Anticipated Social Security benefits totaled 60 per cent of all
 retirement income expected by families in the region (Table 8).
 In Florida it was 57 per cent. Floridians anticipated propor-
 tionately more income from private and U. S. armed service
 pensions than did the families in the region as a whole, or 17.2
 and 6.5 per cent, respectively. In contrast, families in the region
 expected larger shares of incomes from investments than did
 Floridians, or 17.6 to 17.9 per cent. Income from all sources was
 projected to average $165 monthly for white families and $82
 for Negro families in the region, as compared to $211 for white
 families and $138 for Negro families in Florida (Table 9).
 Incomes expected at age 65 an assumed retirement age--
 indicated that slightly more than 55 per cent of the white male
 respondents and 67 per cent of the Negroes were basing their
 hopes for financial support in retirement on Social Security
 benefits. This may imply that less dependence will be placed
 upon Old Age Assistance (OAA) in the years ahead than at
 present, because of the easing of eligibility requirements for
 coverage under the Social Security program, and the recent
 increases in benefits provided for Social Security: recipients.
 A trend away from dependence upon OAA assistance is indicated
 by a comparison of the anticipated per cent change in all self-
 participating retirement plans of both races of the Florida 45

 Table 8. Anticipated monthly retirement income, 98 Florida families and
1,088 Southern regional families compared.

Anticipated Retirement Florida Region
 Income by Source Dollars Per cent Dollars Per cent
Social Security 111 57.3 92 60.1
Pensions, various 21 10.9 6 3.9
Investments, savings 15 7.9 27 17.6
Employment 14 7.1 17 11.1
Armed services, U.S. 12 6.3 4 2.6
Railroad retirement 8 3.9 4 2.6
Old Age Assistance 5 2.9 1 0.7
All other 7 3.7 2 1.4
Totals 193 100.0 153 100.0
Number of families 98 1,088