Biden: I Was The Poorest Man in Congress With No Savings

Image: Biden: I Was The Poorest Man in Congress With No Savings

Monday, 23 Jun 2014 12:31 PM

By Drew MacKenzie

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Vice President Joe Biden has jumped into the controversy surrounding Hillary Clinton’s comments about her wealth by saying that he has no savings.

Biden admitted during the White House's Working Summit on Working Families on Monday that he was the "poorest man in Congress," The Washington Post reported.

And although he noted that he’s paid "a lot of money" by the U.S. government as vice president, Biden said he doesn’t live a life of luxury, as some politicians do in Washington.

"Don't hold against me that I don't own a single stock or bond,” Biden said, according to the Post. "I have no savings accounts. But I got a great pension and I got a good salary."

But Biden, who was wearing a "mildly expensive suit,” said that he counts himself lucky compared to people he grew up alongside in Scranton, Pennsylvania.

"Sometimes we talk about this stuff, about struggle. My struggle, my God, compared to where I grew up and the way people are trying to go through things now. But here's the point I want to make. I've been really, really fortunate."

His comments come hot on the heels of remarks by Hillary Clinton over the weekend that unlike "the truly well off” she and husband Bill "pay ordinary income tax."

Clinton is facing an image crisis as one of the nation’s rich 1 percenters after a comment she made earlier this month when the potential Democratic presidential front-runner said she and Bill were "dead broke" when he’d completed his two terms as president.

The Post reported that Biden and his wife Jill, a community college professor, reported an adjusted gross income of $407,099 in their 2013 tax return.

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