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Megan Gorman, author of 'All the Presidents' Money', discusses how FDR handled money, Reagan's financial impact from humble beginnings, and why a Great Depression president excelled at investing.
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- Presidents managed personal expenses despite varying salaries.
- Thomas Jefferson's financial struggles stemmed from lack of discipline and planning.
Deep dives
Financial Challenges of Presidents as Salary Differences Evolved
Presidents have faced evolving financial challenges as their salaries changed over time. From George Washington earning $25,000 to Joe Biden's $400,000, presidents must cover personal expenses including food, gifts, and private events. Despite the increase in salary, they face financial responsibilities like managing the White House's expenses.
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