Money doesnt always mean quality... But cheap doesn't often mean cheerful, either.
My cycling tops are mostly from Tenn Outdoors and cost around £13-£15, my windproof from the same source and not much more, and they are, IMO, unlikely to be significantly beaten by the stuff that I've looked at costing five times as much.
My gloves, on the other hand (baddum tish) cost £45 because I haven't found anything which is of sufficient quality to keep me warm and protected at less than that.
And it's not just cycling gear. I'm typing this on an iPad 3 which cost most of £600, but I prefer my Nexus 7 which cost 1/3 the price.
We're looking at new cars at the moment, and one which I quite like is the VW Up! The model we're considering costs around £8k, but then the sun roof costs £600. I can't see that a piece of glass for the roof should be valued at 8% of the price of the complete car, nor how metallic paint can add £450 to the price, but that's how these things are charged.
Bottom lines that we all have an idea of what we can afford for something, which isn't a problem. It's based on earnings, commitments, perceived value / worth etc. The error, IMO, is in thinking that something is necessarily bad just because we can afford to pay more, or to feign horror or inverted snobbery because someone else pays more than we can afford.
Most people wouldn't want someone else to take away their choices in life but many, it appears, are perfectly happy to wish away the choices of others.