frequently dropped by owners to meet family emergencies or to
acquire new material possessions.
 In terms of subsidiary income to be derived from assets
anticipated at age 65, home owners had a considerable advantage
over renters. White home owners expected to accumulate, on
an average, three times the amount of assets anticipated by
white renters. For Negroes, owners had double the advantage
of renters, but this advantage was small in total money value
(Table 11). Projections show that there was a consistent increase
in the amount of monthly retirement income expected at age 65
as the quantities of resources owned increased (pages 21-23).
These findings imply that future retirement situations are re-
lated to the employment, family incomes, and accumulated
assets of the male breadwinners.

 Table I1. Values of specific asset items anticipated by Southern rural
owner and renter families when husband attains age 65.

 Owners Renters
 Resource Item, 1964
 White Negro White Negro

 dollars
Real Property: ................... All 9,340 1,430 985 50
 Farm, not place of residence 4,225 284 841 4
 Farm and place of residence 2,736 617 -
 Nonfarm home 1,949 498 -
 Rental 172 31 90 46
 Standing timber 132 -
 Investment land 83 45 -
 Vacation property 43 9 -
Non-Realty: -....................... All 3,074 1,200 2,206 1,190
 Cash value, life insurance 1,644 609 902 307
 Business 625 30 21 -
 Farm equipment 327 81 338 21
 Cash savings 198 333 814 795
 Corporation stocks, bonds, etc 154 78 -
 Automobiles and trucks 101 92 53 67
 All other 25 55 -
Total 12,414 2,630 3,191 1,240
Median 1,680 868 707 611
Number of families 736 66 198 88


 Living Costs Anticipated at Age 65
 Personal wants generally decline in old age, and as the elderly
become less mobile they tend to resign themselves to existing
living situations and devote less and less attention to home
upkeep and repair. Major home improvements are often viewed