By Ariana Baio

Copyright independent

Reports indicate that Joe Biden is facing financial difficulties after leaving office, unlike other presidents who typically profit significantly from post-presidency ventures.

He received a $10 million advance for his upcoming memoir, a sum considerably lower than the reported $60 million secured by Barack and Michelle Obama for their books.

Biden’s post-presidency income from speaking engagements is limited, and he has been observed travelling commercially rather than by private jet.

Despite receiving two pensions totalling over $400,000 annually, this income may be insufficient to cover his lifestyle, personal debts, and support his family.

Biden reportedly aimed to clear $800,000 in personal debts upon leaving office, and his children, Hunter and Ashley, have also encountered significant financial and legal challenges.