Hearing loss and HiFi

I have found a good number of threads in this subject but they are older.  Since hearing technology changes quickly I’ll go ahead with the question.  I am 72 years old and I was recently diagnosed with mild to moderate hearing loss. My loss is across the entire frequency spectrum as opposed to only high frequencies. It’s not just an issue of volume but also of clarity, I don’t hear as much as I used to in the music. If you have experienced hearing loss, how did it impact how you view you audio system. If you can’t hear the detail etc. do you really need a high end system? Should I get an EQ to boost the frequencies I have trouble with? Would I be better off selling my current system and buying a BEST BUY receiver and some speakers and calling it quits.
If you have experienced hearing loss, I would love to hear your thoughts.