Gaming is more expensive than ever if you're a teenager who wants to play the latest games his friends play, and also get the best versions of them - the collector's editions, the uber-full-packages with-all-them DLCs and whatnot.
If you're a bit older, and don't rush into things, gaming's cheaper than ever. If you can postpone playing a game for 3 months to a year, you won't buy it for 50 - 60 bucks: you'll buy it for 2 to, worst case scenario, 10 bucks. And let's not even mention the existence of Humble Bundle and all similar stores, that offer packs of interesting games - and ocassionally AAA titles - each and every week for peanuts. Or talk about Steam's Sales :-D