Joe Biden explains how he was the 'poorest man in Congress'

Vice President Joe Biden would like you to know that he's not that well off. Speaking at the White House Summit on Working Families Monday, Biden said that he was the "poorest man in Congress," and that he only had a "mildly expensive suit on."

"Don't hold it against me that I don't own a single stock or bond," he said. "Don't hold it — I have no savings account."

Before becoming vice president, Biden was, if not the poorest member of Congress, at least its least-affluent senator. However, his most recent financial disclosure form reveals that he does have a savings account valued at less than $15,000, as well as almost a dozen investment funds in the same range.

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Biden's remark came one day after The Guardian published a story in which Hillary Clinton said she wasn't "truly well off."