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":"c7a37846865f0fcb2779f11173dca0f2","s":"86543b2d326c8dbf"}
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