OP,
I’m an old fart as well. Most of us have hearing that is compromised in some manor. But typically it will not take away the enjoyment of better sound, since better reproduced music sounds better in all frequencies. So, just because you may not be able to hear the highest frequencies (for instance) you can still appreciate the richness in the midrange and low frequencies. Also, having good undistorted high frequencies will impact the lower frequencies in a positive way.
Also, listening is an acquired skill. My partner has always had better hearing than I (most women do), but I could always hear all sorts of nuances that she could not. Such is the enjoyment of well reproduced music.