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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