Life in the Bottom 80 Percent

Economic growth isn't what it used to be. In 2004, the economy grew a solid 3.8 percent. But for the fifth straight year, median household income was basically flat, at $44,389 in 2004, the Census Bureau said Tuesday. That's the longest stretch of income stagnation on record.

Economic growth was also no elixir for the 800,000 additional workers who found themselves without health insurance in 2004. Were it not for increased coverage by military insurance and Medicaid, the ranks of the uninsured - now 45.8 million - would be even larger. And 1.1 million more people fell into poverty in 2004, bringing the ranks of poor Americans to 37 million.

When President Bush talks about the economy, he invariably boasts about good economic growth. But he doesn't acknowledge what is apparent from the census figures: as the very rich get even richer, their gains can mask the stagnation and deterioration at less lofty income levels.