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GLOBALWEALTHANDLIFESTYLEREPORT20211FOREWORDRajeshManwaniPearlynWongHeadMarkets&WealthHeadInvestmentPromotion&ManagementSolutionsSolutionsAsiaAsiaPacific“Whatonegenerationseesasaluxury,thenextseesasafortunesoftheworldeconomy.Justasitreboundednecessity,”saidAnthonyCrosland,aBritishpoliticianandaftertheglobalfinancialcrisis,weexpectdiscretionaryeconomist.Theevidencewasallaroundus.Mobiledevices,spendingtorecoverwhenCovid-19abates.televisions,andcomputersbecamemodernnecessities.LivingstandardsanddietsevolvedassocietiesgrewSecondly,experientialluxuryisheretostay.Duringthewealthier.Theburgeoningglobalmiddleclassaspiredforpandemic-inducedcollapseinexperientialspending,con-moreandthedemandforluxurygoodsbecameinsatiable.sumerstemporarilyrevertedtobuyinggoodsoverservices.Yetevenasbordersclose