By all historical notions of pandemic fatalities, there was no pandemic in 2020-21. The average % risk of death in any one year for the 70+ is not too dissimilar even without this respiratory virus.
Drs Ioannidis & Axfors at Stanford
Age Infection Survival Rate
70+ 97.6% (not in care homes or hospitals)
70+ 94.5% (all)
This is data taken from 2020 when most doctors did not know or implement adequate treatments.
With treatments and honest numbers these numbers would be much higher. This is a worst case scenario infection survival rate.