I really don't know anything about demography; it sounds so dry. But, getting into it, one can see beyond the numbers to consider the economic and social implications of change in population groups.
For example, the young adult group, say between 18 to 39 (particularly those in their 20s and early 30s), would be the most likely to be patrons of bars, nightclubs, and restaurants, creating a young singles scene.
Young adults would also be the source of new households and young couples, potential market for urban housing, and then furniture and house wares. Ikea customers.
And, perhaps most important, the young adult cohort would be the one which would be reproducing the population via family formation, having babies and raising young children. If the young adult cohort declines, one can anticipate a decline in births and young children as there are fewer couples to have them (assuming the fertility rate is constant).
A wrinkle in this birthrate consideration is immigration. Immigrants have a higher fertility rate, meaning more babies per women, so if there is a substantial in-migration from outside the USA to a community (like Chicago, or California) one could still see a growing number of children. The Dayton area hasn't seen much immigration, so this issue is mostly moot here.
So are some numbers from the Census American Factfinder site, grouped into certain age cohorts or groups.

Taking a closer look, it seems the big changes are in the 20-29 and 30-39 groups of young adults. The 18 & 19 group is pretty stable.


One wonders if the birth rate decline remains linear or becomes or exponential at some point, if there is a continuous decline in the young adults (assuming minimal in-migration and a static fertility rate).

This has been interesting but I'm not satisfied with my approach to demographics. What are we really measuring here?
Note that these census numbers are just snapshots. The census counts people in the, say, 20-29 category in 1990, and then counts people in that category in 2000. We can only compare counts and say "there are fewer people in this category in 2000 than there was in 1990".
But what happened to those people in the 20-29 category in 1990? Where are they in 2000?
That would be more useful, to see if Dayton (Montgomery County) is producing people for export.
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