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":"a75871051fe43e77a2f16a376d70d09c","s":"9f58428d5919b58e"}
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