It's been said before, but compared to the equivalent cheapo or "starter" instruments that were available back in the day, the stuff you can buy now at the lower end is astonishingly good, and usable at pretty much any level if needs be.
I've got a lot of time for the Squiers of all types... likewise, as came up in conversation earlier today, the budget MM Sub Stingrays made in Indonesia are excellent imho.