Hhld Debt Service Payments; % of Disposable Income

Source:
U.S. Census Bureau

Release:
Household Finances

Units:
Percent of Disposable Personal Income, Seasonally Adjusted

Frequency:
Quarterly

Available Through:
06/30/2021

Why Use:

Household debt service payments as a percent of disposable personal income describes the size of typical debt payments in the US as well as typical disposibal income. This can describe consumer behavior & overall economic health.

Suggested Treatment:

The data shows autocorrection and a non-normal distribution. The data should be differenced. While the Arcsin transformation, provides the best normality, the Boxcox variable will also perform well.

Grain Transformation:

Data is unable to be distributed by time or geography. The roll up method used is Weighted Average.

Connect to this
Data Set Now

Ready Signal automates the process of sourcing, normalizing, and applying data science treatments to this data and other impactful control data. Create an account today.

Hhld Debt Service Payments; % of Disposable Income

Auto Correction Function

Auto Correlation Function After Differencing

Partial Auto Correlation Function

Seasonal Impact

Seasonal and Trend Decompostion

Autocorrectation Analysis:

Data shows autocorrectation indicating a need for differencing

The ACF indicates 1 order differencing is appropriate.

Further differencing is reccommended

Trend Analysis:

The Kwiatkowski-Phillips-Schmidt-Shin (KPSS) test, KPSS Trend = 0.12 p-value = 0.09 indicates that the data is stationary.

Distribution Analysis:

The Shapiro-Wilk test returned W = 0.95 with a p-value =0.12 indicating the data follows a normal distribution.

A skewness score of 0.03 indicates the data are fairly symmetrical.

Hartigan's dip test score of 0.08 with a p-value of 0.08 inidcates the data is unimodal

Statistics (Pearson P/ df, lower => more normal)

No transform
1.44
Box-cox
1.44
Log_b(x-a)
1.44
sqrt(x+a)
1.44
exp(x)
1.55
arcsinh(x)
1.44
Yeo-Johnson
1.44
OrderNorm
1.56

Citation:

Board of Governors of the Federal Reserve System (US), Household Debt Service Payments as a Percent of Disposable Personal Income [TDSP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/TDSP, December 13, 2019.

Take the next step

SIGN UP FREE