Global Wealth and Lifestyle Report 2022
Rising prices, the pandemic, and other uncertainties are leading high-net-worth individuals around the world to re-think their spending habits and priorities. Download our report to learn more.
The Global Wealth and Lifestyle Report examines the lifestyles of high-net-worth individuals (HNWIs) across the globe using a basket of goods and services that reflects their consumption patterns. Through this Lifestyle Index, we consider the yearly changes on a global, regional, and categorical level, and assess the impact they have on purchasing power and wealth preservation.
Explore the findings of the Lifestyle Index for your city below.
Legend: 1 = most expensive
Uncertainty impacting spending habits
This year, increased living costs have prompted the wealthy to rethink their spending habits and priorities. Against a backdrop of uncertainty, people increasingly value experiences and personal connections to possessions, and the pandemic has intensified the focus on health, wellbeing, and financial security.
Asian cities remain among most expensive
The latest city rankings show that little has changed in terms of the regional balance during the last year. The world’s most expensive cities are still largely in Asia – Shanghai again tops the rankings – and the Americas remains the most affordable region, with not a single city in the top ten. More surprisingly, London has raced up the ranking to second place, São Paulo has climbed a remarkable nine places, and Tokyo has fallen six places, in large part due to the weakened yen.
Strong focus on responsible investing
Away from lifestyle elements, an area where HNWIs are truly making conscious decisions is with their investments. Considerations about fair trade, ethics, and ESG factors figure highly in this area across the globe, above all in Asia. Where and how people invest can have a significant positive impact on the world around us, and as our findings reveal, it is those with a greater share of wealth who are increasingly making responsible choices with their investments.