Life dataresearch report

Global wealth and high end life report 2020 From Julius Baer

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The following is the Global wealth and high end life report 2020 From Julius Baer recommended by recordtrend.com. And this article belongs to the classification: Life data, research report.

The report also focuses on “conscience consumption” and studies how ethical consumption, which focuses on environment and sustainable development, can lead consumers to rethink the definition of quality life.

In order to enhance our understanding of the luxury industry, Baosheng has conducted extensive surveys on prices and consumer behavior around the world. According to Baosheng global high end life index, Asia is the most expensive region for high-end consumption, while Europe is the cheapest region. However, there is a big price difference in the Americas. Government policies, taxes, service fees and the trend of local currency exchange rate are the main factors causing the price differences between regions and cities. Overall, global demand for luxury goods continues to grow steadily, as reflected by the outperformance of Western high-end luxury listed companies in the mainstream index.

Rajesh manwani, head of Asia Pacific market and wealth management solutions, said: “the first global wealth and high end life report of Baosheng reflects a number of global high-end consumption trends closely related to customers. The survey method is based on the Asia wealth report launched by Baosheng since 2011. For the first time, the survey has been extended to 28 cities around the world, and we hope that the survey results will provide unique insights into global high-end life trends in 2020. “

This year’s report also pays special attention to the theme of “conscience based consumption”, that is, consumers shift to “less is more”, and tend to reduce waste and pay more attention to experience than to “material”. With the pursuit of a more sustainable future, sustainable development has become the focus of local governments, regulators and central banks.

The report focuses on:

┬ĚConsumers in Europe and North America are the least willing to pay a premium for goods produced in a responsible manner because strict local regulations already guarantee that “ordinary” goods meet the requirements of responsible production.

┬ĚConsumers in Asia and Latin America are more likely to choose sustainable products, possibly because they have experienced the negative effects of human economic growth.

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