Although inflation has risen sharply, it is not the biggest influence on high net worth individuals' (HNWIs) spending habits, according to a new report.
Julius Baer explored the rise in cost of luxury goods and services in the third edition of its Global Wealth and Lifestyle Report for 2022.
The report found 75 percent of the goods and 63 percent of the services included in the Swiss private bank’s ‘Lifestyle Index’ have risen in price in the past 12 months.
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