Whenever you go to a store, of any kind, be it clothes, groceries, and other items, there is always this type of discount called the “SENIOR DISCOUNT”. The term senior discount is pretty self-explanatory, it is a discount for senior citizens. In this article we know “Does Home Depot have a senior discount?”.
Home Depot Inc (which is commonly known as a Home Depot) is a home improvement retailer, which is the largest in the United States. It usually provides products for construction, supplying tools, numerous appliances, and a variety of services.
Coming back to the main question, does home depot have a senior discount? The answer to that is: No, home depot does not provide a senior discount (unless you are a retired veteran with a military ID that is valid). Senior discounts are available in places like Kohls and Michael’s (for people above the age of 55 and 60 respectively).
Even though home depot refuses to give a senior discount, it is important to understand why stores such as home depot should give them in the first place.
Why is it important to give a senior discount?
In a lot of cultures, it is traditional for families to take care of their aging family members, like in our country India. But, in the United States, people tend to leave their old parents behind to move forward with their lives and families, leaving behind their old folks to manage on their own.
Many of these old people live on a very restricted income (their life savings, pensions, etc) with little or no money to add anything more to their expenses other than essential items. Social security doesn’t cover living costs comfortably, and retirement savings need to last as long as the person lives, and also cover money for any emergencies such as medical expenses under any unforeseen circumstances.
All of this doesn’t mean that old folks are poor or can’t live a comfortable livelihood, it just means that they are at a point in their life where every small amount that they spent counts, every dollar must be justified.
Purpose of senior discounts :
There are a lot of purposes and benefits of imposing a senior’s discount.
- Encouraging buyers : Senior discounts encourages and attracts old consumers to shop, irrespective of there is a sale in that store or not. This helps in increasing the business of these brands.
- Business strategy: In addition to the 1st point, it helps in increasing business during slack periods. Usually, discounts like senior discounts are offered when the business is running at a slow pace. sometimes when we go to restaurants, we see there is a sign called “early-bird specials” or something around the same area since old people prefer eating their meals at an earlier time. this is also done as these places require people to eat dinner early, otherwise, the restaurant remains empty. these discounts don’t necessarily increase attendance among those people who enjoy a looser financial budget since they can go to the movies or eat at a restaurant any time of any day.
But for some seniors who don’t have the money to do whatever they wish to do, the senior discount lures them in. In addition to the restaurant point, seniors typically eat less than younger people, so in restaurants. All of these things might sound like mere acts of charity, but they are sound and really smart business strategies.
- Social responsibility : On a more social level, it is our responsibility to care for our seniors, because we have abandoned the family model wherein people do that at home. Seniors are people who have spent four decades or more working hard, perhaps serving in the war, and otherwise supporting society in a lot of ways. by easing a bit of the financial burden on them, they let these people not only spend money on their needs but alos on their wants.
Therefore, to conclude home depot should start providing senior discounts. They should think of their old customers as their own and think of what they would want for their aging parents if they were not around. They get more customers and let their old customers buy things that they couldn’t without the discount: thus Good business and good karma, both combined.
Question 1) when did senior discounts start?
answer) senior discounts started in the year 1935 in the united states when the social security act was passed by President Roosevelt.
Question 2) At what age do senior discounts usually start?
answer) senior discounts start usually around the age of 60, but some stores start them as early as 55.
Question 3) Which major retail stores provide senior discounts?
answer) some major retail stores that provide a senior discount are amazon, Walgreens, goodwill, pep boys, TJ Maxx, Michaels, and Belk.
