Former US President Joe Biden and his family are facing financial difficulties. This was reported by Zamin.uz.
According to the Independent publication, the Bidens' debts have reached approximately 800 thousand dollars. Among these debts are mortgage payments for a house located in Rehoboth Beach, Delaware.
Joe Biden receives a pension of 416 thousand dollars per year as a former president and long-time senator. However, this amount is not sufficient to cover the family's daily expenses.
Currently, Biden has no additional sources of income. There are also difficulties in commercializing the reputation he gained during his presidency.
Many companies refuse to invite him to give expensive speeches, and his political allies are gradually distancing themselves from him. For this reason, it has become difficult to find clients willing to pay between 300 thousand and 500 thousand dollars for his speeches.
The family's main hope is focused on the approximately 10 million dollars in income expected from publishing his memoirs. However, this amount is very small compared to the 60 million dollars earned from the sales of former President Barack Obama's books.
Additionally, Joe Biden is battling prostate cancer. His wife, Jill Biden, has stopped teaching and is actively participating in unpaid community work.
Another problem for the family is their son Hunter Biden. He has several million dollars in child support debt.
Due to decreased interest in Hunter's books, paintings, and public appearances, his sources of income have sharply declined. Because of financial difficulties and health problems, the Biden family is currently going through serious trials.
Their situation is attracting the attention of many people and raising questions about the family's future.
