This dumb idea was a very popular campaign slogan a few years ago, and it is a commonly held belief today. In our consumer-based economic system, which runs on credit or borrowed money, the general state of the economy is important for the well-being of its citizens.
But, when this is the case, the emphasis is all wrong and our collective sense of values goes awry, resulting in spiraling personal debt and a materialistic, short-term mentality. Look around you and see if this does not describe the current situation in much of the developed world today.