When he filed his financial disclosure statement, he listed his net worth as less than $750,000.
He was a continuous Senator since John McCain was a "guest" in the Hanoi Hilton. He has a gold plated medical plan, a free commuter pass from Wilmington, which made him a hero to some libtards because he didn't maintain a flat in DC. Whoopie! The time and distance involved is less that what a lot of high level Japanese business executives put up with everyday. His charitable contributions were less than 2% of his high earnings and still, after 36 years in the senate, that was his entire net worth. So either he was lying in his financial disclosure statement or he's the worst money manager around.
That’s a head scratcher. I would love to know which is the case. IS he really that lousy with his personal finances? Has he found a way to stash $ in such a way that he doesn’t declare it? As you say, neither case is good.
My guess is that he is lying.
He lies about everything; even about visiting the local Home Depot. The employees there said he NEVER comes there!
Although he seems like, and may be a real doofus; he CAN AFFORD the BEST financial and tax advice in the country; and may even get it FOR FREE. I’d say the $750K figure is a lie! His real estate holdings alone are worth more than that!
“So either he was lying in his financial disclosure statement or he’s the worst money manager around.”
Joe Biden does not have an exemplary record regarding truth-telling. OTOH, liberals aren’t exactly known for their financial savvy. So given the evidence, I’d say it’s a 50:50 proposition which of these alternatives is correct.
As a longstanding Senator, he is entitled to a pension that cannot exceed 80% of his last 3 years of salary—i.e., an annual retirement income of about $140K. Thus, unlike most private sector workers who have had to accumulate 401(K) balances, he has not needed to do so: the taxpayers essentially will bankroll his retirement for as long as he lives.
It will be interesting to see in his next financial disclosure statements whether he’s double-dipping by collecting both a congressional pension and VP salary. Legally, he’s entitled to do so, but in the context of having access to so much taxpayer largesse, one might reasonably expect Old Joe to be a tad more generous in his charitable giving than he historically has been.
Taking the Acela Express, of course. If you wanted to take the Acela Express from Wilmington, DE, to Washington, DC, round-trip would cost $350-400. Of course, a daily commute would get a discount, but the fact is, the taxpayers paid for him being able to have a luxurious, fast commute.