But it's both, isn't it? Fewer Americans have health coverage, fewer Americans have jobs, fewer Americans can stay in homes. What you hear people saying is that #1 implies #2.
What you call "fluctuations" most of us call a downward trend. And the fact that you think that it's "same as it ever was" is somehow a positive thing is somewhat disturbing.
At a most basic level over the period relative wages for the poor haven't moved a lot but the absolute basics such as food and clothing prices have come down a heap.
It hurts people's innate sense of fairness though. When you see the people who manufactured the crises repleting their losses with money from middle and working class american's it is upsetting and does indicate the system has problems.
http://research.stlouisfed.org/fred2/series/USHOWN
http://en.wikipedia.org/wiki/File:U.S._Uninsured_and_Uninsur...