I have to continue on generation issue, and "go with what you have" notion, on one other level.
The cheapest, modern, beginner set crap, strat knock off and plastic amp, are much better than the best guitars we had when we were kids. In USA it's probably little bit different, but for eastern Europe it surely hold true.
I remember when Maya and Solton guitars appeared in our shops. We were in awe, stood front a shop window every day. It was a mirracle. However, we could afford only Jolanas. Few lucky ones managed to obtain 20yr old Hofners, ann odd Cimar here and there, but they were rare.
Of course, pros had western instruments, but it was so far from our league. For that matter, I still can not afford real American Fender, or Gibson (I mean, I could, but not without some struggle). Afterall, I still play 25 yr old Squier. Luckily enough, back to my first sentence, even the cheapest of today are good enough.
By the way, I'm 45.