Connect with us

Politics

Financial perks of being the president of the United States

Published

on

Presidents get a lot of perks for having the most prestigious title in the US: living in the White House, 24/7 house staff, and a pretty sizable salary.

Yet one perk they don’t enjoy? Vacation days.

“Presidents don’t get vacations — they just get a change of scenery,” Nancy Reagan once said.

While presidents can take trips to the golf course or summer homes, they are accompanied by aides, advisors, and heavy security, and work still happens outside the White House.

Read more: These are the top 20 US presidents (and why you won’t find Trump on the list)

Aside from having to work on the beach, presidents have several perks that lift a financial burden off their shoulders.

US law requires the president of the United States to be paid a salary while in office. According to Title 3 of the US code, a president earns a $400,000 salary and is still on government payroll after leaving office. The president is also granted a $50,000 annual expense account, $100,000 nontaxable travel account, and $19,000 for entertainment.

While sitting presidents and former presidents receive several perks that last beyond their time in office, like security and health insurance, wardrobe budgets are not included. Presidents and their families usually do not receive or accept clothing as a “gift” from designers, like celebrities on the red carpet. If a piece is accepted as a gift, it is immediately housed in the National Archives after being worn.

Aside from a prestigious title and global recognition, take a look at the financial perks that come with being the most powerful person in the US (and quite possibly, the world).

Continue Reading
Advertisement Find your dream job

Trending