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":"a0b6dcf39a37f48f225dfbd147f33a74","s":"537b291ca95505af"}
Share your thoughts. Click here