Global millionaires positive about the future: report

Affluent individuals across the world are feeling optimistic about the future, according to new market research data. The Global Millionaire Luxury Report 2021, released by Singapore-based luxury consulting and data firm Agility Research & Strategy, found that although the definition of luxury itself may have shifted during the pandemic, high-end consumers still feel good about spending. “While there was a lot of inequality of income [in 2020], the upper end of the world was actually very resilient,” said Amrita Banta, Agility Research & Strategy managing director, in a webinar discussion with Mickey Alam Khan, president of Luxury Portfolio International.