"'.... i Average
 Age Average
175- / 175- Education

165-------- 165- --- -

 e155 Inc
 155- Average 155-Income Straight Line
 Income I Relationship
 Straight Line
 145- onsh 145-

 0 0
 45 50 55 60 65 0 4 8 12 16
 Age Education
 Figure 4. For white respondents, anticipated retirement incomes drop
with increases in age and rise positively and directly with education.

45 and 64 years of age. This trend is associated with several
factors. Among these for the younger workers, as compared to
older workers, are higher incomes, longer anticipated coverage
under Social Security and higher levels of education. The income-
producing effect that education has on retirement income ex-
pectations emphasizes the direct association of limited education
with poverty, both for the gainfully employed workers and for
retirees.


 Health Ratings

 Self-health ratings of white respondents had no significant
influence on retirement expectations, but among Negroes those
in good health expected $14 per month more than those in poor
health. One reason for this difference in outlook may be that
Negroes consider income supplementation by employment as
essential, whereas prospective white retirees think of future
employment as avocational.


 Incomes and Assets
 Pre-retirement white farmers, professional, clerical and sales
respondents in 1964 all reported assets in excess of $20,000.
They were followed by managers ($18,678) and skilled workers
($10,944). On an average all other white families reported
assets which ranged by employment categories from about $6,200