Let me ask you something: Do you think you could make a pretty good guess about the future path of this graph?
|Graph #1: Household Debt Service relative to Household Debt|
|Graph #2: Household Debt relative to Household Debt Service Payments|
|Graph #3: Household Debt relative to Debt Service & 2002Q1-2016Q1 Trend|
I decided to take another look:
|Graph #4: Household Debt relative to Debt Service & 2013Q1-2016Q1 Trend|
Now this is more like what I had in mind:
|Graph #5: Debt Service relative to Household Debt & Power Trend since 2010Q1|
I think I'll go with Graph #4 and Graph #5, both of them, and compare the results when I'm done. I'll predict data out to 2025 for both ratios, then factor debt service out of the ratio. That will leave me with numbers for future household debt.
Come to think of it, I can take the household debt numbers and put a trend on them directly:
|Graph #6: Household Debt in billions, with Trends Since 2010 and Since 2013|
// the Excel file