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":"600269ebf2d40eeb2215831f7c27d922","s":"16057ffceb915f6c"}
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