Your Guide to Discounts After Turning 55
Reaching age 55 is a significant milestone, marking a time when a new world of savings becomes available. While not all companies consider 55 the threshold for a senior discount, many major retailers, restaurants, and service providers do. These discounts are not always obvious, so knowing where to look and, more importantly, what to ask for, is key to maximizing your savings.
Retail and Grocery Store Savings
Many large retail and grocery chains offer specific discount days for customers over 55. These offers often apply to certain items or are valid only on certain days of the week, so it's wise to plan your shopping trips accordingly. Some require membership in a rewards program, so be sure to sign up when you can. Michaels, for instance, frequently offers a daily discount for customers who are 55 and older with a rewards account. Ross Dress for Less also has a weekly senior discount day. For groceries, chains like Fred Meyer and Albertsons offer discounts on select days for those 55 and over, though policies vary by location. Always remember to ask at the customer service desk what discounts are available at your local store.
Dining and Entertainment Discounts
If you enjoy dining out or catching a movie, turning 55 opens up new possibilities for saving. Many restaurants offer special menus with smaller, discounted portions or a percentage off your meal. For example, Denny’s and IHOP have special '55+' menus, while other chains like Arby's and Dairy Queen may offer 10% off for those 55+. In the entertainment sector, AMC Theatres, among others, has senior pricing on certain days or for specific age groups (often 60+), but some movie houses recognize ages as young as 55. Don't be shy about asking when you order or purchase tickets.
Travel and Transportation Discounts
For the avid traveler, turning 55 is great news for your travel budget. Many hotels, airlines, car rental companies, and cruise lines have policies in place to reward mature travelers. Hotel chains like Best Western frequently offer discounted rates for guests age 55 and older. In the rental car industry, Hertz has a 'Fifty Plus Program' for travelers 50 and over. Cruise lines like Carnival and Royal Caribbean also offer special deals for passengers 55 and up on select sailings. For those who prefer land travel, bus services may also have senior fares.
Membership-Based Discounts: The AARP Advantage
While many people associate AARP with retirement, membership is available to anyone age 50 and over, making it a powerful tool for unlocking discounts at 55. An AARP membership can grant you access to a massive network of savings on everything from travel and insurance to technology and dining. Some examples include discounts at restaurants like Outback Steakhouse, savings on car rentals with Avis and Budget, and special offers on cell phone plans with providers like AT&T and Consumer Cellular. The annual membership fee is often quickly recouped through just a few of these discounts.
Comparison of Common 55+ Discounts
| Category | Examples of Discounts (Age 55+) | Potential Savings |
|---|---|---|
| Retail | Michaels (10% off), Ross Dress for Less (10% off on Tuesdays), Goodwill (varied discounts) | 10–20% |
| Dining | IHOP (55+ menu), Denny's (55+ menu), Arby's (10% off), Chick-fil-A (10% off) | Varies, often 10% or discounted meals |
| Travel | Best Western Hotels (discounted rates), Hertz Rental Cars (up to 20% off), Royal Caribbean cruises (select deals) | Varies widely by provider and travel details |
| Telecom | AT&T (special plans), T-Mobile (special plans), Verizon (special plans) | Varies based on plan, often significantly lower monthly rates |
| Membership | AARP (discounts on travel, insurance, health, and more) | Savings accumulate rapidly across many categories |
How to Maximize Your Savings at 55
Beyond knowing which businesses offer discounts, you can take additional steps to maximize your savings. Always carry a valid ID that shows your date of birth. Consider joining a loyalty program like AARP or a store's rewards program, as these often have exclusive deals. Timing is also crucial; many stores and restaurants limit their senior discounts to certain days or times. Finally, if you're not sure if a discount is available, just ask. Many businesses offer unadvertised senior perks to eligible customers. Exploring these avenues for savings can turn 55 into a rewarding and fiscally advantageous age.
Finding Local and Unadvertised Discounts
For more local and unadvertised deals, your best bet is always to ask. Smaller, family-owned businesses are often more flexible with their discount policies. Check with local theaters, museums, and community centers, which frequently offer discounted admission for seniors. Your local community's senior center is an excellent resource for uncovering these hidden gems. For more information on identifying and using your age to your financial advantage, consider consulting reputable sources like the National Council on Aging, which provides extensive guides on various senior benefits.
Conclusion
Turning 55 is not just about another birthday; it's about unlocking a new stage of financial empowerment. From daily savings on groceries and retail purchases to major reductions on travel and entertainment, the discounts available can add up to significant savings over time. By staying informed, carrying your ID, and not being afraid to ask, you can fully enjoy the benefits of this milestone and make your money work harder for you.
