UBS Global Wealth Report - Luxury Watch Edition

Asset-rich, cash-poor millionaires. A $9 trillion wealth transfer to women. Currency chaos crushing purchasing power. The UBS data explains why the watch market feels broken.

Every year, UBS publishes their Global Wealth Report, and every year I usually skim it, roll my eyes at some big numbers, and kinda move on. This time was a little different; I will openly state that perhaps some confirmation bias was at play here, but you can judge that observation for yourself at the end.

If you’ve been following SDC for a while, you’l…