We must understand certain words in reference to its usage in scriptures and not the popular or dictionary definition. The word "blessed" or "blessings" isn't relegated to just materials or finances, it means that God has approved His will over a situation or He has spoken well of it.

Spiritual blessings mean that you’ve believed the gospel and are in Christ, God chose us to be holy and without blame before him in love. This is worth more than any earthly riches.