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":"add835d8ad10e080c4ece46641904665","s":"fd6ea5b4e7844cfe"}
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