The Global Wealth and Lifestyle Report 2022 highlights the increasing cost of living well, with Asia remaining the most expensive region globally, led by Shanghai. However, Tokyo has claimed second place, and Sao Paulo has risen to 12th place. The report also notes a shift towards experiential spending on leisure activities and travel, as well as a greater focus on areas such as health insurance, wellness, and education to enable future prosperity. The report also shows that HNWIs are increasingly aligning their financial and investment decisions with their personal values, a trend supported by the ongoing pandemic crisis and complex geopolitical tensions.
