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- CBX Daily 1/9/2025
CBX Daily 1/9/2025
Today, global wealth is on the move with millionaires eyeing relocation… But let's start with what’s driving medical tourism’s acceleration.
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BBLs and Instagram Economics: How Social Media Fuels Medical Tourism
As the cost of healthcare care continues to rise in the U.S., medical tourism, a process of traveling to a different country for procedures is becoming increasingly popular. Pop culture stars like Kim Kardashian West and Nikki Minaj who receive major attention for their shapely physiques have become the modern-day apogee of plastic-surgery normalization. With cost savings of up to 90% for surgical or cosmetic procedures, the medical tourism market is expected to reach more than $200 billion globally by 2027.
Golden Years Turned Grim: The Retirement Reality For Women
There's a global wealth migration looming with 0.24% of the total global millionaire population planning to relocate in 2025. A good number of these high-net worth individuals are looking at UAE and Singapore as potential locations. With the murky waters in countries facing political and financial instability, the migration is imminent but on the bright side, the number of millionaires is always on the rise as in 2024, there was a 5.1% increase in the number of millionaires. |
Golden Years Turned Grim: The Retirement Reality For Women
For many women, retirement is no longer a reward, it’s a reckoning! As the retirement landscape continues to shift, a growing crisis is emerging—one that disproportionately affects women. Despite decades of participation in the workforce, women are retiring with just 70% of the savings their male counterparts. Consequently, women are 80% more likely to live in poverty during retirement. The harsh reality is that the golden years have turned grim – what should be a time of rest and comfort has become a struggle for financial survival. |
Dry January Presents A New Silver Lining For The Alcohol Industry
Every New Year, millions of people around the world embark on a month-long journey of self-improvement. One of the most popular initiatives is ‘Dry January’, a trend that encourages participants to abstain from alcohol for the entire month. After all, a significant portion of alcohol companies' consumer base abstaining from alcohol for an entire month could potentially lead to a significant dip in sales. While Dry January might seem like a sobering time for the alcohol industry, it's far from a financial dry spell. |
Pumping Up Your New Year’s Resolutions Towards Gym Ownership
The most popular resolution is getting fit, but maybe it should be growing your wealth. When it comes to the January workout warriors they are typically short lived, with 14% of them quitting by February, and 80% quitting within the first five months. However, millennials will spend over $100,000 in fitness related purchases including gym membership in their lifetime. Since $1.8 billion are spent on unused gym memberships annually, you can have a gym with little foot traffic and still make money. |
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