Giving that much money away to people without return in services is bound to increase the money supply. Inflation has hit big here people are offering > 100 000$ over asking price to just be able to buy a house.
Building materials too are up 50%.
The current governments are buying votes by their giveaways, daring the opposition to challenge them and leave them the responsibility to make the taxpayer pay for the largesse.
The savers (like me) will be punished big time.