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Welcome back to a numbers game with Ryan Gurdowski.

Happy to have you all here on this Thursday episode of the show.

We are approaching, or we are not approaching, we are in the month of May.

It is approaching high school graduations, May and June, depending on what state you live in.

And the class of 2025 is special because, May and June, depending on what state you live in. And the class of

2025 is special because, and most probably don't know this, it is the largest group of

18-year-olds in American history. There was the peak year to be born was 2007, which makes

you about 18 now, would make you 18 this year, which means you're probably

graduating high school. So 4.32 million Americans were born in the year 2007. Most have lived

the 18, 17 years required to go to high school and graduate without moving. Every class

afterwards, every graduating class for the next two decades at least,

will be smaller than this one. This is the peak. How much smaller is a great question? In

2022, there were only 3.67 million people born in America. That's about 17% smaller than the

population born in 2007, the class of

2025. The class of 2040 will be 17% smaller in the class of 2025. It's just because people

had fewer children. 2007 was also the last year that America had a birth rate of replacement level.

To have a replacement level birth rate for society, you need 2.1 children per woman.

That's the minimum amount, right?

Because it's usually two, but not everyone makes it.

To adulthood, so it's 2.1.

And there was a slight baby boom in 2006, 2007. And during this brief period,

...