This is my own personal life experience. Or just a simple rule: for whoever owns nothing should not desire anything.
How could one desires a better (means more expensive) equipment, when the money is so rare that it's just enough to buy new records?
Poor people are most often stuck with the hardware they own and they invest their money in new records.
They simply don't have the prosperity to join every new cult or fashion in audio. And audio is all about that. No one can tell me that every year there are big scientific advantages being made in audio engineering. The designs repeat themself and listening to a superior design of audio components from decades ago astonishly doesn't have to mean it sounds outdated. The opposite is often the case.
Audiophiles still praise the Western Electric 555 horn driver, a design from the 1930's, as the best of the best, the holy grail of music reproduction.
How could that be the case, when every year there are innovations in loudspeaker design taking place, now we count approx. eight decades after the invention of those ancient horn drivers?
Audio today is mostly a fashion thing, and poor people just have to satisfy their basic needs, and thats software (means records or concerts), combined with cheap but sufficient hardware. And they often stuck with it for many years.
To be an audiophile is a sport for the rich kids on the block. Those who have satisfied their basic needs and still can spend on luxury as it's not a must have for the audition of recorded music.