The Big Dictionary of Dreams

by Martha Clarke
Rags tend to denote an excess of preoccupation for one’s images and a lack of self confidence.

If you don’t feel well, seeing yourself dressed in rags indicates personal neglect, moral decline, and misery. When the sensation of the dream is pleasant, it reveals the superiority of intellect over the physical or superficial. (See CLOTHES)

Some oracles predict that you will suffer great losses if you have this dream. Other interpretations consider it a sign that you will make a wise decision.

Gypsy Dream Dictionary

by Raymond Buckland
To see someone dressed in rags means you have been unfair to someone you really care about.

To see yourself dressed in rags means you will come into an inheritance.

To dream of handling cleaning rags means you will make money through your own hard work.

See also Hobo.

Little Giant Encyclopedia

by Klaus Vollmar
Desire for advancement, or fear of poverty, as in Charity, Asylum, Beggar. Also a romantic desire to let things go and break with convention.

A protest against success and self-portrayal.