You may be right but I think your answer is too simplistic. During the same period of stagnation in the motorcycle industry ATV/UTV sales have gotten better and RVs are seeing large increases in sales. There have been more new car sales in the last two years than any other time in history. I know a car is a necessity and not a toy, but if someone really wanted a motorcycle they wouldn't be trading their three year old car in on a new one, they would keep it a little longer and buy that motorcycle they wanted. I see enough $800.00 cell phones, $1,500.00 drones, $500.00 game consoles with $70.00 games, $300.00 sneakers, and $2-300.00 jeans to make your head swim.
I don't dispute that many people are really struggling to get by and really can't afford a motorcycle, but I truly believe that the vast majority of people that don't have one simply don't want one or are not willing to make the necessary sacrifices to get one. It's just not that important to them. My car was actually seven years old when I purchased my Wing, it was in good shape and I decided I could live with it for a couple more years and got the bike I wanted.
You got a point, I do see my share of wasteful spending with the kiddies. I think a lot of the RV and UTV sales are baby boomer sales. That is the last generation that had a chance of making any real money. They had unions, and first generation owners that somewhat cared about the worker. You used to be able to not even graduate from high school, and as long as you worked hard, you could make a decent living. That America is dead.
An $800 phone can provide some relatively cheap entertainment. Not really what I call entertainment, but to each is own. I worked in the golf industry for awhile and they said young people just don't wanna play golf anymore. I always thought there's probably a little more to it then not wanting to play golf. Like how about not having enough $ to play golf?
Again this is simplistic, but just going from the relatively large group of people I and my girlfriend know, my Gen X'rs and younger generations seem completely broke.