Wow!!! I would've loved to have a squier as my 1st bass...mine was a $80 "Gremlin" bass, and I had to carry lumber for my father to afford it, that was in 94 though... As I got better on the bass I continued to work with him on weekends and summers to save up for nicer gear(BTW, he is also a bassist)
now i wouldn't expect ANY 8 year old to have thick skin, but i encountered negative vibes and discouragement many times and never let it dissuade me from learning even though i was pretty terrible for the first 3-4 years...
fast forward 20 years and (not to toot my own horn)I have been playing fulltime professionally for the last 5 years for the US Army, and semi- pro since 2005(as in getting paid for regular weekend gigs)playing so-so gear to top notch custom builds, and never once did I let anyone slow me down, I just took it as fuel for motivation, I also never got crap about my gear at any point, nor would I dish it out to others... Maybe kids now are just truly terrible with materialism, I don't know as I don't have kids!! Of course, if your cuz really has it in him, he'll keep with it regardless of naysayers
edit: best piece of advice my father ever gave me, "its not the tools, but the hands that make it happen"