ILO warns: 34.5% of over 65s have no income in Latin America and the Caribbean
The International Labor Organization (ILO) on Thursday warned about elderly people’s issues in Latin America regarding labor income and pensions.
The report indicates that 34.5 percent of people over 65 years of age in that region do not receive wages or pensions, a higher percentage than before the Covid-19 pandemic, when this indicator was at 31.9 percent.
This is one of the main conclusions of the report on social protection in Latin America and the Caribbean, drafted by ILO.
According to the report, this increase reflects that the situation of economic insecurity and vulnerability was worsened by this disease.
ILO Regional Office for Latin America and the Caribbean said that this lack of resources at older ages can lead to poverty in old age.
In total, only 51.9 percent of the population older than 65 years of age in Latin America receives a pension and 13.6 percent receives some labor income.
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