I spent a lot of time in high end emporiums talking and listening to components with prospective buyers of high end audio in the early 90's, and they were like firemen, and postmen; people with solid jobs and good taste in audio who were willing to sacrifice for good sound. Of course there were some some high rollers.
Since that time, salaries have gone down relative to inflation, and so have the number of good solid jobs.
From my point of view, in regard to economics, everyone here is living in a "wannabe" reality as opposed to a real reality.