In January 2025, Joe Biden went to the White House and ended his half-century political career. The former president of the United States, who called himself "Middle Joe", had been deeply concerned with his family, but after leaving the office he failed to regain wealth and glory like other former presidents, instead of falling into financial trouble and political isolation.
Wearing huge amounts of debt, cold-eyed treatment by party allies, heavy family burden, although it is not about poverty and poverty, butining a decent life is indeed difficult.
According to the Daily Mail, Biden is currently in debt of as much as $800,000, including:
Large Mortgage Loans for the Wilmington HouseIn 2013, 70-year-old Biden borrowed more than $500,000 from TD Bank, with a term of up to 30 years at an interest rate of 3,375%.The loan would take until 2043 (at the time Biden was 101 years old) to pay off, and the current balance is still between $25,000 and $500,000.
Loans for beach holidays in RiobosIn 2022, Biden borrowed another $250,000 during the White House for a holiday home worth $4.5 million. The 10-year loan was paid at a floating interest rate and would have to be repayed by 2032 (when Biden was 90).
Other debt pressuresBiden also holds an open loan of up to $50,000 at interest rates ranging from 5% to 8%, and a $15,000 bank loan to be repayed by 2028.
As a former president, Biden can receive an annual pension of about $207,000. Jill Biden earns about $86,000 a year as a community college professor, plus $35,000 in pension and $39,000 in interest income. Therefore, the couple's fixed annual income is about 300,000 to 350,000 dollars. Although it looks good, it is actually in a state of making ends meet due to debt and the drag of his son Hunter.
According to court documents in 2023, Hunt's divorce lawsuit resulted in his debt to his ex-wife of $2.9 million. In March 2025, Hunt stated in court documents that his financial situation had "significantly deteriorated" and debt amounted to millions of dollars.
55-year-old Hunt tried to make a living through art and writing, but with little success. He revealed in court documents that he has sold only one painting ($3.6 million) since the end of 2023, and that his memoirs have sold only 1,100 copies, much less than expected.
Hunt is completely bankrupt.
In December 2024, on the eve of leaving office, Biden granted Hunter a blanket pardon covering all federal crimes between 2014 and 2024. Although this exempted Hunter from criminal responsibility, it did not alleviate his financial crisis and required his father to pay his debts.
Although Biden plans to work hard to make money, the Democratic Party treats him coldly.
After the defeat, many Democrats argued that 82-year-old Biden was unfit for re-election due to age and health issues, a decision that led to the Democratic Party’s defeat in the 2024 general election.
The Daily Mail quoted a Democratic official as saying, “Many people are angry at Biden’s decision to resign and think he should resign sooner and go to the beach to spend his late year.”
Harris criticizes Biden's * decision for being "too self-conscious" in her new book. Democratic campaign staffer Ammar Moussa said Biden's age issue "has fundamentally shaken Americans' trust in the Democratic Party."
Often, former presidents’ library projects attract large donations, but Biden’s library plans are uncompromising, according to a Democratic official: “There are very few people willing to fund his library.”
Biden offered between $300,000 and $500,000 through an agent speech from Hollywood’s top brokerage company, but rarely invited.
The Wall Street Journal reports that Biden’s age and party disputes have reduced his speech market significantly. A Democratic official said: “He’s not an attractive speaker. Many people are disappointed with his decision to re-election and are reluctant to spend money on him.” Even organizations have tried to squeeze his minimum bid, and the brokerage company’s website also lists low-cost options such as “virtual speeches” and “regional activities”, but there are few invitees.
Biden underwent surgery to remove skin cancer, leaving scars on his head
At present, Biden’s body has also had problems, which further aggravated financial stress. In May 2025, he was diagnosed with prostate cancer and subsequently undergone skin cancer stool removal surgery. Though he claimed a good prognosis, age and health problems restricted his ability to be public and further reduced earnings chances.
He lived in a high-end trailer park in Paradise Cove, rented the house of music star Moby, and had dinner at a local flat-cost restaurant. These scenes contrasted the luxurious life of the White House. He was also photographed in a regular train station standby, handing the book How Ireland Saved Civilization.
Joe Biden's life after his departure is rumored to be the worst former president of the United States since Harry Truman. During his departure, Truman was almost bankrupt and retired by a thin army only, refusing to commercialize his presidential status.
In stark contrast to this is Trump. According to Bloomberg News, since taking office, the Trump family has made a profit of $2.8 billion through cryptocurrency alone. As of September 18th, Trump has been in office for 242 days, which is equivalent to earning $11.57 million a day. It is no exaggeration to call it a humanoid money printing machine.
The ultimate reward of the power game never belongs to the idealists, but to the shrewdest players-Trump knows this well, while Biden has become the sacrifice of the system.
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