Although I was in both categories (worked in 2018 and retired in 2019) I understood this to be an "economic stimulus" payment, so for example, since I can't go to the store (age 65) safely, I could now afford the delivery charge and tip (which I couldn't afford before).
Also, I could use the added funds to stock up on non-perishables in case things go sideways later in the year.
The remainder I shared with my children who are adults who lost employment, so think some of us have done that.
If you are in a position you don't really need this payment, probably you need to review your income tax filings for the last few years. Perhaps there is missing information that, on review, you didn't merit this payment...
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Phil Harris, actor and showman, to John Fogerty of CCR: “If I’d known I’d live this long, I’d have taken better care of myself.”