Core Insights - The 2025 Chubb Wealth Survey reveals that affluent North Americans are optimistic about economic growth but face significant risks, particularly in cybersecurity and estate planning [1][2] - High-net-worth individuals are increasingly focused on luxury spending, especially in travel and collectibles, while also expressing concerns about wealth protection and extreme weather [1][2] Economic Confidence - 79% of affluent respondents believe the economy will grow in the next 12 months - 67% see more opportunities to build wealth now than ever before, despite concerns about investment loss and extreme weather events [1] Cybersecurity Concerns - Cybersecurity is identified as the top concern, with cyberbullying and identity theft being the most significant issues - Only 41% of respondents have a standalone cyber insurance policy, despite being prime targets for cyberattacks [1] Generational Wealth Transfer - 68% of affluent families plan to pass collections to heirs, but 36% worry about legacy continuation - Nearly half lack a will, and 74% do not have an estate plan, exposing their fortunes to uncertainty [1] Luxury Spending Plans - 44% of high-net-worth individuals plan to expand their collections, with luxury travel being the top spending priority - Upcoming spending plans include 93% for domestic travel, 81% for international travel, and 59% for real estate [1] Wealth Protection Gaps - 77% of those planning to acquire valuables do not intend to insure them - 86% of collectors prefer to conduct their own research rather than engage an art advisor [1] Extreme Weather Risks - 74% of affluent homeowners consider flooding the greatest extreme weather risk to their wealth - 86% are making home improvements to mitigate risks from natural disasters [1] Marine Concerns - 94% of boat owners are concerned about the qualifications of those operating their vessels - Top marine concerns include mechanical breakdown (55%), inadequate insurance coverage (48%), and potential liability (46%) [2]

Your data has shown uh that there's been a 130% surge in luxury spending over the last two years. Is that growth unique to the UAE or are you seeing that in other parts of the world as well. >> So the growth is much more amplified in the UAE.We do see growth in other parts of the world as well, but what we see coming out of the UAE and the GCC is much higher, much above the rest of the world. So the 130% number that you mentioned over the last two years is certainly for this part of the world more than anyw ...

Welcome back to Money Movers. In 2017, New York's iconic Waldorf Historia Hotel closed for extensive renovations. Now, eight years later, the doors to the Waldorf are back open for bookings in the nearly 400 guest rooms and suites.And today, the hotel announcing the reopening of its 43,000 square ft of event spaces, including a 1500 person capacity grand ballroom, a historic one. I got a chance to be in there with the CEO, Chris Netta of Hilton. We also talked exclusively about the company's bet on luxury, ...

Luxury spending is defying a global slump in wealthy Singapore, a beacon for high-end retailers grappling with sluggish demand in major markets including China and the US. https://t.co/pHLDgLUocg ...

Luxury spending is defying a global slump in wealthy Singapore, a beacon for high-end retailers grappling with sluggish demand in major markets including China and the US https://t.co/vJB9w4GV0W ...