The US President is one of the most influential persons around the world, who gets a substantial financial package with many perks and lifetime benefits. Even after the end of their respective terms, former US Presidents continue to receive many benefits.
US President’s salary
It will be surprising for many to know that the US President has not been given a salary increase in 20 years.
This means that when President-elect Donald Trump officially takes control of the White House again in January 2025, he will receive the same salary as his predecessor Joe Biden.
Donald Trump will earn $400,000 annually. This annual income has remained unchanged since 2001. Previously, the President received $200,000 annually between 1969 and 2001.
perks and allowances
Apart from the annual remuneration, the US President is also entitled to several other allowances and benefits. These include a $50,000 non-taxable spending allowance, a $100,000 travel account as well as an entertainment budget of $19,000 per year.
Additionally, if the official residence, the White House, requires redecorating after the new president takes office, there is a redecorating allowance – $100,000.
Overall, these many benefits ensure that the US President is well supported in his position to lead the country.
Official residence and security
In addition to various benefits, the US President is also entitled to live in the official residence – the White House – with the family. It should be noted that all accommodation costs, including maintenance, are fully covered.
The White House serves as both the official residence and workplace for the US President, providing a comfortable and secure environment.
The US President, along with family members, is also provided round-the-clock security protection, including by the Secret Service.
Benefits after leaving office
The US President, even after leaving office, remains on the government’s payroll and is paid an annual pension, which now exceeds $200,000.
Additionally, as per the Former Presidents Act 1958, he is also provided office space and traveling expenses.
Additionally, they get a chance to earn money through many other endeavors including book sales, speaking activities, and more.
