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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OcFnltg1RAJJZiWrJyzY72trB93Dnesun14c9MC5QbbA5vafF27mE5UMcgT\/Kwhc3fV9TQBYRIi\/f0nlz2h4DyCFnu82bUqeKbwa066RtSxH6q5O03Cq0TpLr\/tqMBuRyF6bDD6n3c8ppTw4vAMTjfd6LzoNXw9z7DHc3fmDzJfFK222g1BWy70hIAj+MZr8cAitngB+NwTZv4k8kQpysb7fEYfojKFajS3bZQ7ze1j0qF8zpM0uz2M9lLG6wccdI9c8Iiq8LPtQFMxAZOY79XSe+VPeC9c5C+j6iP0pNcREMaeRNUsFYVynzh8oLNq9ndtVQplHzD9ziN5h6YbpQBOhG4kKggTUAenZrtPY4eZftC2ypvf4jgMpnXzjcGm7h78Bzj7HYmkVBLwrI5lIcQOvM9MqN1Gr2snsBI5mp4U9aCBs9vKwB0xB1IS1hkv7+865aQEi\/QBpesI3cXrwSAlWQpOevt6bW48MhvbCnRleX68jA2wys6I+33ut7AUHtNbF3lEFX52Hl5YoyIfZo1jUZGEQBwEI+MO1BgB2PjqvsmhurKrLQGaMUH7L8OciDvY\/b\/DeisQYLkKET7R10FZ6LpzaVBvQqyefbb7xVoarHuLfzN2eI+cGqs+SDdKvrv0SfjxtXPj+DGpXQpjz7ww4al4Syu6Vl\/oCprPARpnxMOK0W+wuf5yzqeHFCWgnZulMdAzjjXv4kTwUocRtzVbEUKvwO6EuI0mVAJIyu\/4g5BdiRc0L1O5B2luQzuQ+i7hw2RIunzuP3lJ8jys3z9hVAv5GNCYWOhIA3TqmpKzS\/fWUSzri2TnVW29xleO6X19wYgR+1Om4gZZ4eDNgXKD4frOsc4Z4teyLmsjq143UDBdqCK\/115XmmWStez+NbtNeObZRHfg+U71zeYqsFf\/DLNNxujhKy4JJO3vxgWyl1KcTybJuQG0GUhS4SQqjeOeDsQz6uQ8xpq3Esr+qsGVSakROtCBfAriZZu0CIHhil7yQw5u\/75tDMgXtxztSgFNHm2x2NF2AS+lLfqHWM7APifBlVVSpIi4tueFeKK\/MDLVNCqJgpyHsdvvncLyCuHZXhK9LjLmCVcUQCwwdzwriXfnL0vwFqw6XQYHDeZtsUc\/lCb2whUkuWvFaAUKN2MuHJh2Om1i7xt0uEv9amPz0OcnIKO7r9hfnHfhQAGHxq1WCSbfIRqZfKwr5KDipkluwYfECu2SPL0vY73zF6h44pvPmdahoamemoqmQK7fNQaPL4uvq23YGDc\/FXZVDEOuAu3Dk1iV9i8fg6cPxKQcHN+RZxXEw2q30gkI2ycpEzsI9y9ORNhUt+fyKMZGwxXn54OZKZpy2ko1bxhZ8YQFziLxSNL9eQ1FnOlzcUmF7dRlWQNwHU2B+Elj8baGHq\/SjL+pjOwWM5AxSAw0JT9UGxEj\/uLPAJ1zpmkkwcJZVhvqhHzPnHRzfJB+wIjm9JLj5suaJSh2Fa1GLdN\/hpNAdHDiY\/oTkJ2\/NSrU5y4RUrDFCph6jEyXoLJeCUKt6y9oMkub5AYixGTr3umMnKJuov9a9Uro0lBwRK+W6xg7rbkS6JRL+hnnQagDULPLmSv1J4+dfqca2iG59fWdwwweCUH\/KJwJWWbkTSqlr2\/xyIWS9OcPzyra6QtB\/FS37XiMHZr1WqdjILK\/TMIO4hv\/yjKHnKriAV7jNiXrcbebDZbgYbwQSh8HYuc+aYMPnkYZDSxHiPtTzC67OdoT3mPSJ3U4SOLdaUEOSpIoqmNW1lWS0QHT1Qd6X+QvJJcEJDW1+GFCm04TATOB\/\/AW+OMBqUH6fvIdf\/3gxVuA5OsWXN6CAgP1l8ijwXZ2bOnGB1fvMDEVB+L3Wo3Xs2NlLl6kSCdq69kr38W\/EytaUcJbjUOvVR9inCZMX+8qCXpSOEwE6rWXWdDTMexu3fViGBjWXrCNtHgGXrxusQAdwQgs8DdEbuNHk4gk4WbwRUh6rlR2VcJyyMHtbssuIDQr79yyPwmsUstVFvy5iEMp0UCAF6nQBjLo5zI\/ckYszN3swL3l\/SYBnigzvsCXTxLR5qfbgWXYkvyREv8ZZRMng8MoszaJv9on6EvnzfDTYrmD20eXT6r+uwFB3TNOxVabtEO+61VsYCICX5a2ZVnw5b7ln3c7kEwXBjcXpv3oq3wlrYQgAOGkvaTgzP0OxZFRS6ik4rr4ZIUUyfVD3pY5BTW27GRE4PPpgoPTPcSQeRS8Zn8YCp3eQzWlFnXKO6NWUvZECYKnI+aO0hyM50kSZzdca7a6orL6RM0gtdEtf6YJ07fXnso4bb8XPxFGlyg6v5MEubn2nDd6Kgl6iDTcLKjQs67xiyXObODrv23fqhSOdc2WVW1daMPaehQWs3KBPoA6CW7bVhvPbpeaAVxrYYynA4QnXXVxXLgu+vLihlDNm96foRw+28Rl7Qc9sK2kA7ZBhtT8braU3qT3dXt6YApKunUOwa0wcgE7+JOpHwwTMgLD3k3Su8qII1SiuLo01qPmvszULl0aLrz9uzHPXfqVZE88+kMkG3LBePjZ610rjB5lazcgpRZX\/CTZKTxMyaOEN7PWwVDCUey4AkGcqikXytWqNbuyYu\/6fk1lub8sBRe2wLbhooXZM1OhIAxo2eiRpRxcHxGgZOsXGL7gs2maW2DgpfFppx9Afdc6oTYD8br8rRxYx7Ls3XEApsB0jVeMFnZd42sNjVVjfWhnYZoWk7GuCScANvs22osHbHBo4NZmRVqAlGfjYCSBQYHDpx0pW8R2XwX+NBrwOWwxMJmG\/TxncHywEy1Q7ubw3cPM8f40DMB9DwmrIv1K2lBHLavJTlnZxlr41QUFPjRSGhSU+Yeer7k62tTqoy8zaVBS6sSg5O4cEel6eg8GYY5yA+W6Oshes7pff2MA51\/shMTAcyeSYSFXx1wvcre8x09gv+cvDyFYU\/C6o+hSEv+CAxBgkOyLHw\/ZMRj9pG2+ZXlOw3A26xAgWCPdDrGduf0iw6ZlMxYrvgrAYe1dheLZgYqLt\/JWgjRyNhRJb85whs8Wrihzl01ge6m43T2\/0Me+T8DXUsuqMRJcYknEvntuR4y\/Sdb0Qm6r7Q6s5+NlwaZDXrclob6EVZ3yRoQnNTCqS4pKh1Aix8k4nOvlzKwZCDYatVXeziDeb9uC3Z7A197SCwPnmYBUmxcO62exvF09W6\/nLJCmFUP2s5NOQ6ooGdiCOpjJ0L8pcIsBUAQwy7CcI0OZyOujWTB\/YnueX1Ypqj9nNGESV3um4ZtdXnZs7coNPXnLC1HAohBBs9R2gcvxDY00OEGHjpWA5hlm\/H7erAgtS0+Q5tMYod1IyYUUhYhuR2zMzd+UGOiIx\/R0LBgwKI1fbCBNP+8OdsSy1wzDSl0Lxm\/Nu6gp4UpV9O65sR8wbV2kjpSsUipmVjn23ZQDujZfWEBqgyro2MMjJWlHHqyNvyA3JMl+aq3s8mZEV6bCeJpTTuRD0rhaBkcER+e058xXAVFwZYjAdTEtUi51ObF7jt7XIZEa5\/nmVTGleRQLwgEFUEX8VaxALX6D\/8NrC6ToQ1uaCQLARJ\/NQ5CvFIJLgUqKB3brWW7ihDJGJ4TY4Yg5cWpAzarTi+puAYceQ1q2t51siu2uf0fp3saJgrnYfGPlJ0uIir\/zVAZ\/6KyryF2ju1fHf9hMNJq9RiGxTtisSH0i4TIbc3RdTYtPmULlb3Abw9ySvlk32gVM6T8HEvZNc0MeIMbAyUTmxxNFr1QggMOs61xrMKp3CiSEqsJXG7VfOC3CGmKJ9zCaiIgAKdSwgCj8g9REQTV3y05LyT9EK1lzMHgom3brONcDTs+++s72wUybhHzq+yhCmCw9hH1X5HD9DhjQ6FFvldydwA0bePWD4EVxAf1rmhfZEioWHbiB\/mglW0\/azZf3KNC0eJ+X91gyON1SnbUNW\/0Zh8PAMl1RUsXJ9tvQ8Uc06D5oFYhim14HsbYE7y81bjm7QAX1NxqGLGpJrixVVq1t2+wEViEteCo3voEBRYkZLl+Npdzg1b3Ex6n4noU67IeLMEqVgC3qAn6\/XTn80PRjJqoDVv\/CzZY0GV0gVEXZz8Nz52qEZYtlSG0mlLj2tHr3yeeSh4AMa9aA==","iv":"47e012a8d03cfabcd681be9dd2adfbd3","s":"1a0593ea5a2c34a8"}
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