He retired late and has a mortgage not set to be paid off until just after his 100th birthday.
Some might say that’s not the best of financial planning.
And as he struggles to find his post-presidential feet there seems little prospect that Joe Biden, 82, will get any help from some of his Democratic friends.
Many of them are still seething at the octogenarian’s decision to attempt a reelection bid in 2024, and have little appetite to invite him to make lucrative speeches, or to contribute funds to his presidential library.
‘There isn’t a whole lot of goodwill for the former president in some key corridors of power, and that stems from the fact that he never should have tried to mount a reelection,’ one Democratic insider told the Daily Mail.
‘A lot of us are frustrated and even angry.
‘So, there are very few of us who are well disposed to want to support a presidential library or to provide him any other kind of financial support.
‘There are a lot of Democrats that remain really disappointed In what he did and would rather he ride off into the Rehoboth sunset.’
Usually, the years after a presidency are when the money pours in, but for Biden the financial future looks rather bleak.
He is hardly on the breadline, but his finances seem remarkably removed from what voters might expect for a former commander in chief.
According to public records, he left office with a mortgage on his main home in Wilmington, Delaware of somewhere between $250,000 and $500,000, at an interest rate of 3.375 percent.
He took out that 30-year loan with TD Bank in 2013, when he was aged 70, and it was initially for over $500,000, so he did make some progress reducing it as president.
Meanwhile, he has also been juggling a $250,000 home equity loan taken out on his holiday home in Rehoboth Beach, Delaware in 2022, while he was in the White House.
It was a 10-year debt, due to be paid off when he is aged 90, and is on a variable interest rate.
If Donald Trump succeeds in his ongoing quest to get Federal Reserve chair Jerome Powell to cut interest rates then that would help out Biden on that loan.
Hellbound and Down 