In modern times, it’s hard to imagine a former president being broke. Presidents currently earn $400,000 per year while on the job, plus a healthy annual pension. More recent former presidents, including Bill Clinton and the Bushes, have also earned a fortune through speaking gigs and book deals.
Monday was President’s Day, and after recently watching a show about presidents on the History Channel, I was sad to hear that some former presidents from long ago were very poor, if not broke, after leaving office. I did some digging to learn about why this happened. Read what I learned and explore my list of 10 of the best personal finance blog posts from the week!