Covid-19 deaths among elderly take $730 mm out of circulation

Covid-19 deaths among elderly in Brazil took about R$3.8 billion ($730 mm) out of circulation in the 13 and a half months of pandemic to April. This income not received pushed into poverty hundreds of thousands of families who
depend financially on parents and grandparents. The amount lost is equivalent to 1.3% of the total income of the population in the 12 months of 2019, R$294.4 billion ($56.7 bn), the latest data compiled by the IBGE, which considers wages, pensions and other sources.

Source: Valor International