I don't follow. You think we are overreacting right now?
No. It's a serious virus and it is killing people.
The vast majority of (European) casualties are over 80 however.
There is no reason to shut down our entire economy because old people die. Let me make this easy to understand: old people die all the time. And you know why? Because being old makes you frail and weak.
Do we need to take general measures? Absolutely. We need to do everything we can to protect people.
But did we need to shut down schools and essentially destroy the careers of 20-30 year olds? No, we did not. In fact a lot of scientists even advised against closing schools.
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