2 Reasons the Bidens' Social Security Benefits Aren't as Big as You Might Expect
As the Bidens move into the White House, the president-elect will soon earn the $400,000 salary paid to the country's chief executive. But this won't be his only income source. Like many past presidents, he'll also receive Social Security retirement benefits.
In fact, according to their 2019 tax returns, Joe and Jill Biden collectively received a grand total of $52,595 in Social Security income. These benefits are well above what most retirees get. But with the couple earning close to $1 million that same year (and with their earnings topping $1 million on several recent tax returns), it may seem surprising that their benefits aren't higher.
There are two reasons, however, that their Social Security checks are below what you might expect.
Source Fool.com
