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":"29717fda7236c8da23c8bc3c4350cfdb","s":"5bf4802d031c9d4d"}
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