LOOONG POST...
My first "real bass" was a brand new cherry-red 1970 Epiphone: Double cutaway, SS, 2 HB PUPs. I am told it was first year for MIJ Epi's. Price was $125. It was a sort of birthday gift from my parents. I had really wanted a Fender Precision fretless, as I had taken string bass in symphony. The Fender's sticker price was absurdly high; I didn't know the difference between SMRP VS actual retail price; I was 16 or 17 and very naive. Didn't know of nor understand value differences between USA or MIJ, etc.
I wasn't going to have my parents buy an expensive instrument as I knew they didn't have much $$ and my dad worked a job and 1/2 to take care of us. An amp was out of the question, but as my first bass; a $25 used KAY: Single cut away, SS, single pup hollow body "died", I asked for the Epi. The Epi made the KAY seem like a toy to me. New bass..no amp..sighs...folks wouldn't let me get a P/T job.
I cherished and polished my EPI weekly. My grandma loaned my parents $$ for my first amp; 1971 Kustom 200B which I still own and use. I was instantly an in-demand bass player; welcomed at parties and jams everywhere.
When my folks moved us from Atlanta, to the quaint little town of Jonesboro, which I thought was worse than HELL or "Mayberry". Oddly, I met the best musicians ever; David T. Chastain, for one..yepp he's originally from Jonesboro.
That's when I quickly learned that my EPI was a short-scale piece of @#$%^. Tone?? What tone? Pups were also very microphonic. Everyone I met seemed to own either: Gibsons or Fenders. I pridefully played my Epi, regardless. By late 1972, it's pups died. [ bought new in 1970] By that time, I had a job and my own $$, so I bought a Rickenbacker 4001-S. No one ever laughed at my bass again. I BECAME A PROG LOVING GEAR SNOB. I have never had a failure of any kind with a Rick.
OK..So a few years ago, my wife bought me a Squier Active JAZZ 5. ..another long story..No pup failure ,which I cannot say same for my Epi, which failed in 2 years. I love my Squier AND I DO NOT EXPECT ANY ISSUES WITH IT. Hard part is spelling Squier...LOL..
On the other hand...I believe newer Epis are better now than decades ago. My actual ownership opinion is in favor of Squier. BTW..I still have the EPI..I am a sentimental old fool, I guess, as the Epi was the "one who brought me to the dance"