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":"389773bac659adad288fd3a9a8dcbfde","s":"51568e9f6969065a"}
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