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By all indications from the limited information we have, the 5050 doesn't even edge out the 4060.
You can check TPU's review, but it's not a "solid upgrade" and therefore likely no one will recommend it vs saving up for other GPUs.
https://www.techpowerup.com/review/gigabyte-geforce-rtx-5050-gaming-oc/
Bestbuy sells a much faster 5060 for $299
https://www.bestbuy.com/site/asus-prime-nvidia-geforce-rtx-5060-8gb-gddr7-pci-express-5-0-graphics-card-black/6632193.p?cmp=RMX&refdomain=pcpartpicker.com&irclickid=3T1XkC1o1xycTlFwa3SCIzcLUksX8LyPlxDOQ80&irgwc=1&ref=198&loc=PCPartPicker&acampID=0&mpid=79301&affgroup=%22Deals%22%2C%22May%20Contract%20Change%22%2C%22Partners%20to%20Keep%22%2C%22Temp%200%25%22&intl=nosplash
Radeon 9060XT is also available at $299 and is quite faster than an entry level 5050.
5050 is not a good GPU at that price.
They too greedy to release anything below $249-299 range; and AMD is copy-catting this as well.