Hi everybody I'm I'm Brittany Lewis a reporter here at Forbes

joining me now is my Forbes colleague money and politics reporter Kyle Khan Mullins

Kyle thanks so much for coming on always great to be here Brittany Thanks for having me on

always great to be here Brittany. Thanks for having me.

As we sit here we are less than four months away from election day, big presidential

election and you're reporting that the president in

2024 who is elected could be the worst paid president in history.

How is that possible? What do you know?

Yeah, that's that's what the math is telling us. So the president is paid a fixed salary every year. But what that means in an era that we live in these days of

relatively stable inflation and then the past couple

of years we've actually seen relatively high inflation is that the value, the inflation adjusted

value of that presidential salary declines over time.

And so what we did is we took inflation data and presidential salary data going all the way

back to 1789 when George Washington took office. And we basically were able to show that if inflation continues at its current pace,

by 2028, the presidential salary will be at its lowest inflation adjusted value in American history.

And so yeah, whoever wins the presidency, Biden Trump, R.F.K. Jr.

Who knows?

One of them, whoever it is, could be the worst paid president in American history by 2028.

Kyle I would love for you to give us a bit of a history lesson here so can he talk to us

about the origins of the presidential salary let's start with George Washington.

Yeah, I was a history major, so this is my bread and butter here.

I was super excited right now in this story.

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