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The secretary of the treasury pays a taxable pension to the president. Former presidents receive a pension equal to the salary of a Cabinet secretary (Executive Level I); as of 2020, it was $219,200 per year [5] and since January 2022, $226,300. The pension begins immediately after a president's departure from office. [6]
In addition, many presidents—including Bill Clinton —have earned considerable income from public speaking after leaving office. [ 3][ 4] Harry Truman was among the poorest U.S. presidents, with a net worth considerably less than $1 million. His financial situation contributed to the doubling of the presidential salary to $100,000 in 1949. [ 5]
The president gets a raise far less often than most workers. The presidential salary has only been changed five times from the initial salary. 1789: $25,000 per year. 1873: $50,000 per year. 1909 ...
Barack Obama. Net worth: $70 million A former Illinois senator, Barack Obama was the 44th president of the U.S., serving from 2009 to 2017. The Democrat is likely best known for signing the ...
Retired presidents receive a pension based on the salary of the current administration's cabinet secretaries, which was $199,700 per year in 2012. [187] Former presidents who served in Congress may also collect congressional pensions. [188] The act also provides former presidents with travel funds and franking privileges.
The current presidential salary is not too shabby at $400,000 a year -- and for commanders in chief, retirement comes with a six-figure pension. For most presidents, the real money comes after they...
Since the office was established in 1789, 45 men have served in 46 presidencies. The first president, George Washington, won a unanimous vote of the Electoral College. [ 4] Grover Cleveland served two non-consecutive terms and is therefore counted as the 22nd and 24th president of the United States, giving rise to the discrepancy between the ...
The last three presidents elected to office—Donald Trump, Barack Obama, and George W. Bush—have all made $400,000 a year in salary. The president also gets an additional expense allowance ...