Hardly. $100 still buys $100 worth of shares. You are right that it will almost certainly recover and those who have the ability to invest now will see gains from their $100 going further at present.
However, acting like this immediately puts more money in peoples’ pocket that can be invested is woefully upside down thinking, especially since most experts believe that in the short term, this will increase inflation, and therefore will lead to less money in the pockets of the average person.
Some people will benefit from this, undoubtedly, but it will be the same people that always do: the people with the means to exploit the situation - in this case buy low - ie the rich.
If we truly wanted to help Millennials/ Gen Z, we should’ve cancelled more student debt.