What's going on with the audio market?

Mobile and portable devices like iPhones play music and doing quite well. 

Younger generations on don't just sit and listen to music as much anymore. 

Still plenty of of good gear on the market though.   Just not great for sellers though it sounds.  

Jafant wrote,

"Obama has done nothing to fix the economy."

Actually the economy has recovered from when it tanked on Bush's watch. Let's recap. The Stock Market has recovered.  The job market has recovered. And the housing market is in the midst of a recovery. What's not to like?

@dgarretson , you might want to check your math.

So between us, we have 54 man years of active purchasing, with 4 to go. We’re 93% finished with heavy buying.

I add 27 and 35 and get 62 with 4 to go, 94%.

I see a LOT of folks started seriously exercising their audio purchasing power as teenagers. Though I bought my first audio rig at 16, I would hardly call it serious audio purchasing power.
I don’t think I started buying "hi-end" gear until I was about 28 years old.

@geoffkait
+1
Many conveniently forget how badly Dubya trashed the economy.

 Dubya drove it to its knees. At least we are back up and standing, if a bit precariously.

56, 28 (for serious high end stuff), ~10.

I am fortunate to have growing discretionary income, so I have been buying some very good equipment at very good discounts to retail of late.  The problem is that we are all also having to sell our stuff for stronger discounts to retail than ever before.

I so think age demographics are a factor.  My kids have zero interest in hearing their favorite music played any better than off of their Mac Pros.  Same goes for all of their friends.  It is sad to me (and particularly grating on the ears!), but we each choose what we want.