Upon leaving the presidency, Truman returned to Independence, Missouri, to live at the Wallace home he and Bess had shared for years with her mother. Once out of office, Truman quickly decided that he did not wish to be on any corporate payroll, believing that taking advantage of such financial opportunities would diminish the integrity of the nation's highest office. He also turned down numerous offers for commercial endorsements. Since his earlier business ventures had proved unsuccessful, he had no personal savings. As a result, he faced financial challenges. Once Truman left the White House, his only income was his old army pension: $112.56 per month. Former members of Congress and the federal courts received a federal retirement package; President Truman himself ensured that former servants of the executive branch of government received similar support. In 1953, however, there was no such benefit package for former presidents, and he received no pension for his Senate service.
source: wikipedia
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