support, and the discontinuance of employment at age 65 all
introduce new dimensions into retirement living. When funds
are limited, skill in the management of family income may spell
the difference between comfortable living and privation (3).
 In meeting the costs of retirement, elderly home owners in
Florida were generally more favorably situated than renters.
Owners reported the receipt of higher monthly retirement
incomes than did renters, or $208 to $115, respectively. On an
average, the elderly renter had but $42 to meet costs for food,
clothing and miscellaneous items after allowing for medical
costs, rent, life insurance, utilities and similar items, compared
to $128 for owners. These averages, although not comparable
to cost projections of pre-retirees ('Table 12), do indicate that
the amount of money spent by retirees for food and other neces-
sities is not too different from estimates (p. 25), Disparity in
family incomes between white and Negro families persists at
all ages but decreases late in life, based on the Florida survey
(Figure 5).


 Annual
 Income

 5,000- White


 4,00white and 40 ruralNegro Negro families, according o age of male head, Floida.


 3,000 -


 2,0 0 0 -.

 1,000


 l45-4950-54l55-59l60-6465-69l70- 7475-79 80an
 over

 Age of Male Family Heads


 Figure 5.-Comparision of 1963 annual incomes received by 135 rural
white and 40 rural Negro families, according to age of male head, Florida.