Follow the jobs...
Consider the number of jobs and industries that moved to third world countries. If you look at the markets for China, South Korea...sales in bikes and cars are still growing. Why? Manufacturing companies moved jobs to those regions because of the cheap labour. The people have steady jobs, and can afford the "toys".
If you consider the jobs in North America, look how many factories have shut down. People lost good paying steady jobs and those that could find work are generally working part-time jobs for minimum wage. This isn't a political comment but the way they do statistics for unemployment, if someone is working (doesn't matter if they dropped their hours of work or salary by half or more), as long as they have "a job", they are employed. Stats also don't count people that gave up looking for work. And even minimum wage jobs are under threat because companies would rather install a kiosk to take orders rather than pay someone the rising minimum wage. (think McDonalds).
Follow the jobs, and the money. Less high paying jobs here, people can't afford the luxury items or toys. People here generally have a rising debt ratio too. People overseas have gained steady, well paying (better wages than they were used to) jobs and have money in their pockets to spend on things that weren't possible before.