blessed be the God and Father of our Lord Jesus Christ, the one according to his great mercy begot us to the extent a living hope through the resurrection of Jesus Christ from the dead (1 Peter 1:3)
We were begotten (ἀναγεννάω, anagennaō, aná, "up, again," and gennáō, "give birth") into a living hope through the resurrection of Jesus Christ. Paul writes when we were dead in our trespasses and sin God was rich in mercy, through his great love, and made us alive together in Christ, and raised us and seated us in the heavenlies with him (Ephesians 2:4-6). So much of our hope rests on the "living."
I was begotten into a living hope. It is through the resurrection, and Jesus is the resurrection and life. The same power that raised Christ from the dead raised and seated me in the heavenlies and is working in me. Paul prays that God would give us a spirit of wisdom and revelation in knowing him, the one in whom it is said is our living hope, and that the eyes of our hearts would be enlightened to the hope of our calling, the riches of his glory, the inheritance we have among the saints, and the power that is available to us who believe (Ephesians 1:17-23). Resurrection power that raises people from the dead, living power that changes lives.
God begot us into a living hope through the resurrection of Jesus Christ from the dead. We look at scriptures in light of the new covenant in Christ, a covenant in which it took a death to establish, but how important to our faith, which exists hope, is Christ being raised from the dead. The new covenant is the promised one, where we are given new birth into the kingdom of God, the promised eternal inheritance.
even if our outer man is wasting away, our inward is being renewed day by day (2 Corinthians 4:15-16)
The word renewed is anakainóō (from aná, "up, completing a process" and kainoō, "renew,"). We are begotten into a living hope through new birth or being born from above, upward, raised, and are being renewed, upward toward who we are spiritually seated with Christ in the heavenlies. It is a living hope as the same power that raised Christ is working in us giving life to this mortal body. In other words, though our physical body is wasting away, inwardly we are being renewed day by day, getting closer to the fullness of life in Christ. The new birth in Christ is such a living hope.