An Inside Look at the Personal Finances of the Obamas and the Bidens

Too busy to run your own personal finances? They may be too busy running the country. Here’s what you can learn from their disclosures.

They may be the most powerful couples in the free world and rub shoulders with the likes of George Clooney and the Queen of England, but the Obama and Biden families face many of the same financial challenges as the rest of us.

"The vice-president in particular seems to be typical of what we see all the time," says Mark Wilson, a financial planner with the Tarbox Group, in Newport Beach, Cal. "People get busy with work and kids, and their finances never get cleaned up."

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Kathy Kristof
Contributing Editor, Kiplinger's Personal Finance
Kristof, editor of, is an award-winning financial journalist, who writes regularly for Kiplinger's Personal Finance and CBS MoneyWatch. She's the author of Investing 101, Taming the Tuition Tiger and Kathy Kristof's Complete Book of Dollars and Sense. But perhaps her biggest claim to fame is that she was once a Jeopardy question: Kathy Kristof replaced what famous personal finance columnist, who died in 1991? Answer: Sylvia Porter.