This is why economic growth is important:
It’s not about the money per se but what can be done with the money.
A couple we know won $1 million through Bonus Bonds a few months ago.
They had a modest house without a mortgage, but not a lot more in material terms, before the win.
Both have chosen to keep working.
The money has provided them with more choices and security but it’s not going to radically change their lives.
There isn’t the equivalent of a Bonus Bond win for countries economic growth provides the same benefits – more choices and security.