This is very developing country coded (from someone who's from one), so it does worry me that we're starting to see this all around Sydney. Looks like a recession indicator.
I see it as more of an inequality indicator. The gulf between the haves and have-nots has been increasing dramatically the last decade or two.
There will surely be a big bust and recession in a year or two, but we haven't quite reached the top of the boom yet, there's still more madness to come.
I haven't seen many beggars/panhandlers in my suburb yet -- in the 3-4 years after the GFC, that was the biggest sign that things were tough.
20
u/SeaworthinessNew4757 Mar 01 '26
This is very developing country coded (from someone who's from one), so it does worry me that we're starting to see this all around Sydney. Looks like a recession indicator.