Say what you will about President Harry Truman, but at least he didn’t leave the White House a suspiciously rich man.
He also actually went home, to Independence Missouri, and moved into a modest house he didn’t own. It was the same house belonging to his wife’s family where he had lived with Bess (and his mother-in-law!) decades earlier.
Flat broke, and unwilling to accept corporate board positions or commercial endorsements, Truman sought a much-needed loan from a local Missouri bank. For several years his sole income was a $113 monthly Army pension, and only the sale of a parcel of land he inherited with his siblings prevented him from nearly “being on relief,” as Truman allegedly stated. In the 1950s, perhaps almost entirely to alleviate Truman’s embarrassing financial situation, Congress authorized a $25,000 yearly pension for ex-presidents Truman and the much-wealthier Herbert Hoover.