Ordinarily, I would agree with you. But in Biden's case, why should he bother to save for the future? Based on 39 years (and counting) at the Senate trough, Biden is guaranteed a federal pension of well over $150,000 per year for life -- adjusted each year for inflation. How much capital would one have to accumulate to guarantee such security?
It thus appears that Joe Biden is not the spendthrift fool -- we are the spendthrift fools for hiring and paying him so much!
I nevr voted for him, nor would I. I suspect that you are of the same opinion.
Of course I never voted for Dennis Kucinich and he has been my congresscritter for several years.