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Global wealth and high end life report 2021 From Julius Baer

The following is the Global wealth and high end life report 2021 From Julius Baer recommended by And this article belongs to the classification: Life data, research report.

According to the global wealth and high end life report 2021 issued by Swiss old private bank Julius Baer, the Asia Pacific region has become the most expensive place in the world for high end living cost. Shanghai has surpassed Hong Kong as the most expensive city in the world for high end living cost. Dongjing and Hong Kong are the second and third respectively.

The report shows that Shanghai has replaced Hong Kong as the world’s highest cost of living city, ranking up one place, followed by Tokyo, which has also risen one place to second place, while Hong Kong has fallen two places to third place.

The report shows that the high cost of high-end living in the Asia Pacific region is partly due to its rapid recovery from the new coronavirus pandemic. In contrast, due to the sharp depreciation of the US dollar, the Canadian dollar and Latin American currencies, America has become the cheapest region for high-end living costs.

The report tracks a basket of consumer goods and services that reflect the lifestyle of high net worth people and analyzes their price trends in 25 major cities around the world. In dollar terms, the luxury items with the biggest price drop were women’s shoes (- 11.7%), hotel suites (- 9.3%) and high-end wine (- 5.6%). The biggest increases were business class air tickets (+ 11.4%), whiskey (+ 9.9%) and watches (+ 6.6%).

The report shows that the global tourism depression in 2020 will have a significant impact on the index. In Asia, the rankings of Bangkok and Singapore have declined, and the sharp drop in the number of tourists has also hit many European cities hard.

Overall, the cost of high-end lifestyles around the world has only increased by about 1%, with the rich increasingly turning to conscious choices, which may bring fairer prices to producers, according to the report.

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