Video games are a rare breed, as in when inflation has ballooned the price of just about everything else, video game prices have really not risen since the 80's.
I still have my receipt for The Illusion of Gaia. I paid $79.99 plus tax for it new at Walmart. I paid $60 on average for SNES and N64 games when they were released.
Many gamers are too young to remember things like this or were even alive then. It wasnt until PlayStation that games started getting "standard" pricing.
With all that being said, I generally have no issue paying $60 for a new game. The only time I won't pay full retail is when I know a price drop is incoming. For example, I want Mario Maker 3DS. It still sells for $39.99 new, but it is joining Nintendo Selects in February. So I'd be stupid to pay double for it when I can just wait a week or so and snag a "leftover" original at the Selects price. It's a game I've not bought yet and it's been out a couple of years. A couple weeks longer ain't gonna hurt me.
I always find other people's perception of an items value fascinating. I hear people balk about paying $60 for a new game or recently, when talking about an enhanced port like New Super Mario Bros U Deluxe or Mario Kart 8 Deluxe. For me, if I get a complete experience out of the box for a single-player game that lasts me roughly 6 hours, it was worth it. Even if I never play through it again, as long as I enjoyed it.
People will go out and spend $30 or $50 a pop at a restaurant without batting an eye. A lot of folks I know will spend that much at a seafood restaurant eating shrimp or crab legs. Me? I'll spend $3 on a McBurger, get my game and not have eaten sea cockroaches.