Research
July 16, 2025
Julius Baer’s annual index tracks the cost of luxury living across 25 cities and multiple product and service categories. Image credit: Singapore Airlines
By Amirah Keaton
Spending patterns among high-net-worth individuals are increasingly favoring wellness, luxury travel and personal services, according to a new report.
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","iv":"702fbfbf2938ca109e44e50138ab400c","s":"93e9f89f3a3216ff"}
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