In the US here. 60K is by no means consider a low cost car anywhere, however yes, that could be considered a low cost model if you are talking about a high end

In the US here. 60K is by no means consider a low cost car anywhere, however yes, that could be considered a low cost model if you are talking about a high end sports luxury brand, but even in that case doesn't make much sense since BMW, Mercedes and all have low cost entry models that are far below 60k, and for the the even more premium brands there lowest price cars are probably over 100K. So not sure which brand you are referring to where 60k is the entry model? But yes if someone has money and little to no family they will spend it all trying to save themselves. Where is if they have a family they are more likely to try to live while also knowing its unlikely and thinking to the future for their families. Also the US Congress has made the decision about low-tax low safety net. The majority of American's accordingly to the popular vote in the last election voted for democrats that would have been higher tax and higher safety net. So majority of Americans do not support the current Congress in power's approach. Hoping our health care system is fixed some day but with the power those lobbyist hold that is highly unlikely even with different leadership in charge.