1、GLOBAL WEALTH AND LIFESTYLE REPORT 2023FOREWORDWe are navigating uncharted territory when it comes to understanding the lasting effects of the pandemic and finding a way forward in the new normal.Will life go back to as it was before,or are the changes irreversible?It is too early to tell definitive

2、ly,but this brings us to the core of this years Global Wealth and Lifestyle Report:analysing the cost of living well and the reactions of wealthy individ-uals in an environment that is still shaken by the pandemic.One of the key,and somewhat surprising,takeaways in this edition is that the average c

3、ost increase of our proprietary Lifestyle Index is bang in line with previous readings.This means prices of premium goods and services kept climb-ing at their normal levels of mid-to high-single-digit per-centage points.Before 2022 the rule of thumb was that the affluent con-sumer had to face about

4、double the rate of inflation of the Christian Gattiker-Ericsson,CFA,CAIA,Head of Research2average consumer.Taking 2022 as a basis(with global inflation flirting with 8 per cent)this would have meant our Index would have overshot 15 per cent in US dollars.Considering the unexpectedly strong performan

5、ce of the dollar in 2022 and the general inflationary environment,this figure was only 6 per cent,although it did reach 13 per cent in local currencies.With this backdrop,and the enduring influences of geo-political and market uncertainty,wealthy individuals are adapting their consumption and lifest

6、yle habits both to make hay while the sun shines and to brace for any future shocks.Our findings show that the world is on the move again,the thirst for travel,experiences,and luxury goods has risen significantly,and people are consistently spend-ing more.They are also conscious that health and well