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":"72dec9d7b149684a2530a50888f6fa2f","s":"9c02fe9e447cd079"}
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