re: Who are the "Hidden Millionaires" in small towns

Worked at a small town bank one summer in the early 1970s. In those days the local bank handle checking, loans, and investment s for most people. CDs ad reasonable rates sand that is where most money was parked. I quickly notice the families most assumed were well off seemed to have meager account balances and a lot of loans, and many just average people had substantial amounts of money. The leaders in debt were the local farmers, but this was the era of increasing property value and farmers were borrowing against their land value, investing the money and trying to pocket the spread, most lost their shirt.