The Americas is the most affordable region for living a luxury lifestyle this year, according to Julius Baer’s Global Wealth and Lifestyle Report 2021, which covers how lifestyles, regions and wealth are changing across 25 major cities globally.
This is mostly due to the price of the U.S. and Canadian dollars falling against other major global currencies and a sharp devaluation of currencies in Latin America. Mexico City and Vancouver are amongst the most affordable cities in the index. Just one city in the Americas (New York) remains in the top 10. This region is the most expensive place for healthcare, but personal technology remains affordable, as the United States is home to many of the world’s technology titans.
Asia remains the most expensive region, partly because of the region’s swift recovery from the global health crisis, its currency stability and the price resilience for the index items. Shanghai is now the most expensive city in the index, stealing t