I wouldn't be so sure about that assumption.you have to blame it on the changing times as well. old gens are lucky that they are able to afford when everything was within their grasp. don't have to save a lot to set them for life. and buying custom cues wasn't just a luxury, it was spent on mad money. nowadays, people can't even afford to pay the rent, bills, or even save for a holiday without working themselves to death.
I do a lot of fishing and have had one boat or another for the last 50 yrs. When talking to the manager friend of mine at this place I buy my boats at a few years ago, he told me most of the walleye boats purchased, buyers wrote a check for, most of the bass boats were all financed. Bass boat prices at the time were 60k-100k, Walleye boats were 110k-140k. Older people like me bought most of the walleye boats, while younger bought most bass boats. My last one was close to 130k and thinking about a new one now.