By becoming Speaker of the House, Mike Johnson's salary for his work in the U.S. House of Representatives went from $174,000 annually to $223,500. That's a nice little bump in pay. But where is he going to put it? During his seven years in Congress, Johnson has had to file a financial disclosure report, and he hasn't included any bank accounts in the reports — no retirement, no personal checking account.
Considering that he's been making a six-figure salary for the past several years, it seems odd that there wouldn't be any savings or checking accounts listed. His office said that Johnson does, in fact, have a personal account, but it wouldn't be reported because it isn't accruing interest. Johnson was asked on Fox News about the bank account issue, and Johnson explained it by saying, "Look, I'm a man of modest means ... and I have kids in graduate school, law school, undergraduate. We have a lot of expenses," possibly suggesting that Johnson is living paycheck to paycheck.
In November 2023, a liberal activist group asked the Office of Congressional Ethics to investigate Johnson's finances. Some of the issues they have, along with his lack of reported bank accounts, are not reporting income potentially earned by his wife and trips Johnson has taken that were paid for by someone else.
