Are senior discounts a right or a privilege? This week, readers share their concerns about shrinking, changing and vanishing discounts. Also, a creative reader offers her save-smart tip for cheaper meats. Take a peek inside my email inbox.
This is a question about senior discounts. I went to the donut shop yesterday and requested the senior discount. To my surprise, they reduced it from 10 percent down to 5 percent! Does each store determine its own senior discount amount? I don’t know how other businesses handle this.
I have a question about senior discounts, which are kind of like a coupon, so I hope you can help. A restaurant we frequent used to give the senior discount at age 55. Now they have a sign up saying it is age 60. That is not fair at all and I told the manager so. He said he was sorry, but they couldn’t afford to keep it at age 55. Isn’t there something that says they can’t change it, since it was 55 previously? Please help.
Before I jump into the topic of senior discounts, I should disclose that I’m just shy of 40 years old, so I’m writing from the perspective of someone who won’t qualify or enjoy them for another 16 years or so. But I know how much my parents enjoy discounted dining, movies and additional senior savings.
With that said, senior discounts are voluntary, not mandatory. Any establishment offering a senior discount is doing so to encourage future, ongoing business. But the store, restaurant, theater — whatever the business may be — is absorbing the loss created by the discount.
If a business is losing money or cannot afford to offer the discount, the company is free to adjust the amount of the discount, the age groups it is available to and, ultimately, whether or not they’ll continue to offer a senior discount. In today’s difficult economy, discounts help seniors save money, but if they’re affecting a business’ bottom line, the business has to sustain itself as well.