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.
{"ct":"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","iv":"952dfe9ff600646e6b8335cddc6ee0cb","s":"21ee47c4bbab52da"}
Share your thoughts. Click here