In Current and Constant (2012) dollars Presidential Pay ...
[Pages:8]$2,000,000
Presidential and Congressional Pay 1789 to 2012 Summary
Presidential Pay 1789 to 2012, in Current and Constant (2012) dollars
$1,750,000
$1,500,000
$1,250,000
$1,000,000
$750,000 $500,000
$400,000
$250,000
$25,000
$50,000
$100,000 $75,000
$200,000
$0 1789 1799 1809 1819 1829 1839 1849 1859 1869 1879 1889 1899 1909 1919 1929 1939 1949 1959 1969 1979 1989 1999 2009
Current Dollar Yearly Pay
Constant (2012) Dollars
Source of current-dollar presidential pay: Congressional Quarterly's Guide to the Presidency, at . Data prior to 1913 should be considered approximations. Starting in 1949 presidents also have had a $50,000 per year expense account, worth about $460,000 that year in 2010 dollars. Calculations of inflation-adjusted dollars for 1789-1912 use data from Historical Statistics of the United States
Millenial Edition (Cambridge University Press, 2006).
Note: The two charts for average presidential pay, chronological and ranked, are located at the end because they print more clearly in portrait format.
? Robert Sahr, Political Science, Oregon State University, Corvallis; e-mail: Robert.Sahr@oregonstate.edu; online:
pres-cong_pay_summary
Presidential and Congressional Pay 1789 to 2012 Summary, page 2
Yearly presidential pay in constant (2012) dollars Ratio of CEO compensation to presidential pay
Pay of US President in Inflation-adjusted (2012) Dollars and Ratio of Average Yearly Compensation of Top 500 CEO to Pay of President,
Selected Years 1960 to 2004
$1,400,000 $1,200,000
Current-dollar yearly pay of Presidents: 1960: $100,000; 1970-2000: $200,000;
2001 and later: $400,000
$1,111,000
70 65.5
60
$1,000,000 $800,000 $600,000
Left Scale
$714,000
28.9 $559,000
50
40
30 24.0
$400,000
17.5
$486,000 20
$200,000 $0
Right
Scale 1.9
2.7
1960
1970
3.1 1980
$327,000
$293,000
$267,000
10
1992
1996
2000
0 2004
Ratio CEO:President
Presidential pay in dollars of 2012
Source of current dollar top 500 CEO compensation : Business Week, selected issues; the actual number of corporate CEOs used by Business Week to calculate averages varie; for example, in 1999 the number was 362
35 32.2
30
25
20
Presidential and Congressional Pay 1789 to 2012 Summary, page 3
Ratio of Presidential Pay to Median Family Income, 1948 to 2011
Read this graph as follows: In 2011, the pay of the President was 6.56 times the median US family income
21.2
15
11.6 10
5
Presidential Pay: 1948: $75,000
1949-1968: $100,000
1969-2000: $200,000
2001 and later: $400,000
0 1948
1952
1956
1960
1964
1968
1972
1976
1980
1984
1988
1992
1996
3.9 2000
2004
6.56 2008
Source: Census Bureau web site, family income
Presidential and Congressional Pay 1789 to 2012 Summary, page 4
$300,000 $250,000 $200,000
Yearly Pay of Members of Congress 1789 to 2012, in Current and Constant (2012) Dollars
Until 1816 and again 1817 to 1856, members received per diem pay, originally $6 per day (for 1789 this is about $160 in dollars of 2012), sometimes plus a relatively generous travel allowance. These are converted here to yearly rates in the original source. During 1990 and 1991 House and Senate salaries differed slightly; average is shown for those years.
$150,000
$100,000
$50,000
January 1, 2008: increase to $169,300 from $165,200; 2009, 2010, 2011, and 2012 $174,000
$0
1789 1799 1809 1819 1829 1839 1849 1859 1869 1879 1889 1899 1909 1919 1929 1939 1949 1959 1969 1979 1989 1999 2009
Congress Pay in Dollars of 2012
Congress Pay
Source of congressional current-dollar pay: Congressional Research Service, Salaries of Members of Congress: Recent Actions and Historical Tables, January 15, 2013
Presidential and Congressional Pay 1789 to 2012 Summary, page 5
Ratio of Congress Pay to Median Family Income, 1948 to 2012
6
5
5.09
4 3.61
3 2.85
2
Read this as follows: In 2012, the
pay of members of Congress was 2.85
1
times the median US family income. Note: the pay of members of Congress
has not been increased since 2009
0 1948 1952 1956 1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008
Sources: Congressional Reference Service and Census Bureau web site, family income
Presidential and Congressional Pay 1789 to 2012 Summary, page 6
Ratio of Top 500 CEO Compensation to Congress Pay and to Family Median Income and Ratio of Congress Pay to Family Median Income,
Selected Years 1960 to 2004 (comparable CEO data not available for later years)
300
275
Read this as follows: In 2004, the pay of CEOs was
250
about 178 times the median US family income and 61 times the pay of members of Congress; the pay of
253
257
members of Congress was about 2.9 times
227
225
the median US family income (note: data are not
214
available for all these elements after 2004)
200
178
175 158
150
137
143
125
100
96
91
93
78 75
56
50
43
34 24
30
27
25
15
8 4.00
2.28
2.02
3.54
3.16
0
1960
1970
1980
1992
1996
2.9 1998
78
61
49
54
2.79 1999
2.78 2000
2.75 2001
2.90 2002
2.94 2003
2.92 2004
Ratio CEO:Congress Ratio CEO:Family Ratio: Congress:Family Source of CEO Compensation Data: Business Week, selected years
Presidential and Congressional Pay 1789 to 2012 Summary
Average Pay of US Presidents in Inflation-adjusted Dollars, In Current and Constant (2012) Dollars
George Washington John Adams
Thomas Jefferson James Madison James Monroe
John Quincy Adams Andrew Jackson Martin Van Buren
Wm. Henry Harrison John Tyler
James K. Polk Zachary Taylor Millard Fillmore Franklin Pierce James Buchanan Abraham Lincoln Andrew Johnson Ulysses S. Grant Rutherford B. Hayes James Garfield Chester Arthur Benjamin Harrison Grover Cleveland William McKinley Theodore Roosevelt William H. Taft Woodrow Wilson Warren Harding Calvin Coolidge Herbert Hoover Franklin D. Roosevelt Harry S Truman Dwight D. Eisenhower John F. Kennedy Lyndon B. Johnson Richard M. Nixon
Gerald Ford Jimmy Carter Ronald Reagan George H. W. Bush William J. Clinton George W. Bush Barack Obama
$-
Notes: This shows average for each president's entire time in office, for example, both nonconsecutive terms for Grover Cleveland, in calculating his average inflation-adjusted pay. When a president died or left office before the end of his term, the calculation assumes that both the president and succeeding vicepresident had that pay for that entire year (so that year "doublecounts"), even if the departure occurred very early or very late in the year. The pay of Presidents Grant and Truman increased between their first and second terms; the second-term current pay is shown.
Highest
Lowest
$250,000 $500,000 $750,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000
Current Dollars
Constant (2012) Dollars
? Robert Sahr, Political Science, Oregon State University, Corvallis; e-mail:
Robert.Sahr@oregonstate.edu; online: pres-cong_pay_summary
Presidential and Congressional Pay 1789 to 2012 Summary, page 8
Presidents Ranked by Inflation-adjusted Pay (2012 $), from Highest to Lowest (rounded to nearest $10,000)
William H. Taft Woodrow Wilson William McKinley Theodore Roosevelt Grover Cleveland Benjamin Harrison Franklin D. Roosevelt
Chester Arthur James Garfield Rutherford B. Hayes Herbert Hoover Richard M. Nixon Warren Harding Calvin Coolidge Harry S Truman
Gerald Ford Dwight D. Eisenhower
John F. Kennedy Zachary Taylor Millard Fillmore
Ulysses S. Grant James K. Polk John Tyler
Lyndon B. Johnson Franklin Pierce
James Buchanan Jimmy Carter
Wm. Henry Harrison Andrew Jackson Martin Van Buren
John Quincy Adams George Washington
James Monroe Thomas Jefferson Abraham Lincoln
George W. Bush John Adams
Ronald Reagan Barack Obama James Madison Andrew Johnson George H. W. Bush William J. Clinton
$0
$1,390,000 $1,370,000 $1,300,000 $1,270,000 $1,250,000 $1,160,000 $1,140,000 $1,140,000 $1,120,000 $1,110,000 $1,110,000 $1,000,000 $1,000,000 $870,000 $860,000 $820,000 $760,000 $740,000 $740,000 $730,000 $730,000 $720,000 $710,000 $690,000 $690,000 $660,000 $660,000 $650,000 $620,000 $590,000 $560,000 $500,000 $490,000 $480,000 $480,000 $460,000 $440,000 $410,000 $410,000 $380,000 $350,000 $290,000
$500,000
$1,000,000
$1,500,000
$1,790,000 $2,000,000
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