This is probably the most improperly quoted verse today. God was talking to Israel. Israel was taken captive. They were going to Babylon to live as slaves for 70 years. The vast majority would die there. After 70 years God would bring them back. There was a hope and a future for Israel as a nation.

Our hope is in Christ and our future is in Heaven.

(Jeremiah 29:4-14 NIV) This is what the LORD Almighty, the God of Israel, says to all those I carried into exile from Jerusalem to Babylon: {5} "Build houses and settle down; plant gardens and eat what they produce. {6} Marry and have sons and daughters; find wives for your sons and give your daughters in marriage, so that they too may have sons and daughters. Increase in number there; do not decrease. {7} Also, seek the peace and prosperity of the city to which I have carried you into exile. Pray to the LORD for it, because if it prospers, you too will prosper." {8} Yes, this is what the LORD Almighty, the God of Israel, says: "Do not let the prophets and diviners among you deceive you. Do not listen to the dreams you encourage them to have. {9} They are prophesying lies to you in my name. I have not sent them," declares the LORD. {10} This is what the LORD says: "When seventy years are completed for Babylon, I will come to you and fulfill my gracious promise to bring you back to this place. {11} For I know the plans I have for you," declares the LORD, "plans to prosper you and not to harm you, plans to give you hope and a future. {12} Then you will call upon me and come and pray to me, and I will listen to you. {13} You will seek me and find me when you seek me with all your heart. {14} I will be found by you," declares the LORD, "and will bring you back from captivity. I will gather you from all the nations and places where I have banished you," declares the LORD, "and will bring you back to the place from which I carried you into exile."