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":"e86e0ff23d243ff785c59921973e47ce","s":"936fe3de6b78e2e3"}
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