Thursday, September 01, 2005

Life in the Bottom 80 Percent - New York Times


Life in the Bottom 80 Percent
Published: September 1, 2005
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.

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