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My hometown Toulon, Illinois, is a small farm community of 1,200 souls about three hours southwest of the Chicago sprawl. During my youth, it featured five gas stations; four churches; three grocery stores and two doctors, which said something about gas, God and medicine in my 1960s rural America.
For each new generation of Americans, upward financial mobility appears to be increasingly elusive. According to a study from Stanford University, Americans born in 1945 had a 90% likelihood of out-earning their parents. However, due to several macroeconomic factors, those chances have fallen considerably in the decades since. Now, the millennial generation may be the […]