The Royal Family Will Receive a Big Pay Increase This Year—Here’s How Much They’re Getting
Royalty certainly comes with benefits, including a severe lack of experience with money troubles. After all, being in line to the throne (or comfortably seated in the gilded chair) means a life in lavish palaces and a hefty spending account. This year seems to be off to a particularly good start for members of the British royal family, who are about to receive a significant pay increase. But where does that extra money come from, what will the royals use it for, and how does the pay bump align with King Charles s plan for a slimmed-down and more cost-efficient monarchy? And perhaps more importantly, how do British citizenswho, unlike Charles, do not own nearly a hundred residencesfeel about funding a pay increase for one of the country’s wealthiest families? We asked royal expert Richard Fitzwilliams to shed some light on the royal finances and the much-talked-about pay increase. Read on to find out the jaw-dropping bonus the royals will rake in this year. Get Readers Digest s Read...