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":"8dcc0c2173f1bc09bec29d67d3527b99","s":"928b417409907b1a"}
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