diff --git a/.changes/unreleased/Breaking Changes-20230530-165542.yaml b/.changes/unreleased/Breaking Changes-20230530-165542.yaml
new file mode 100644
index 000000000..68b4bfdda
--- /dev/null
+++ b/.changes/unreleased/Breaking Changes-20230530-165542.yaml	
@@ -0,0 +1,6 @@
+kind: Breaking Changes
+body: Drop support for python 3.7
+time: 2023-05-30T16:55:42.393416-04:00
+custom:
+  Author: mikealfare
+  Issue: dbt-core/7082
diff --git a/.github/scripts/integration-test-matrix.js b/.github/scripts/integration-test-matrix.js
index 252bf171f..5adc47ee1 100644
--- a/.github/scripts/integration-test-matrix.js
+++ b/.github/scripts/integration-test-matrix.js
@@ -1,6 +1,6 @@
 module.exports = ({ context }) => {
   const defaultPythonVersion = "3.8";
-  const supportedPythonVersions = ["3.7", "3.8", "3.9", "3.10"];
+  const supportedPythonVersions = ["3.8", "3.9", "3.10"];
   const supportedAdapters = ["redshift"];
 
   // if PR, generate matrix based on files changed and PR labels
diff --git a/.github/workflows/main.yml b/.github/workflows/main.yml
index 938dec350..265ef7341 100644
--- a/.github/workflows/main.yml
+++ b/.github/workflows/main.yml
@@ -72,7 +72,7 @@ jobs:
     strategy:
       fail-fast: false
       matrix:
-        python-version: ['3.7', '3.8', '3.9', '3.10']
+        python-version: ['3.8', '3.9', '3.10']
 
     env:
       TOXENV: "unit"
@@ -175,7 +175,7 @@ jobs:
       fail-fast: false
       matrix:
         os: [ubuntu-latest, macos-latest, windows-latest]
-        python-version: ['3.7', '3.8', '3.9', '3.10']
+        python-version: ['3.8', '3.9', '3.10']
 
     steps:
       - name: Set up Python ${{ matrix.python-version }}
diff --git a/CONTRIBUTING.MD b/CONTRIBUTING.MD
index b33972697..b9f73e450 100644
--- a/CONTRIBUTING.MD
+++ b/CONTRIBUTING.MD
@@ -70,7 +70,7 @@ $EDITOR test.env
 There are a few methods for running tests locally.
 
 #### `tox`
-`tox` takes care of managing Python virtualenvs and installing dependencies in order to run tests. You can also run tests in parallel. For example, you can run unit tests for Python 3.7, Python 3.8, Python 3.9, Python 3.10, and `flake8` checks in parallel with `tox -p`. Also, you can run unit tests for specific python versions with `tox -e py37`. The configuration of these tests are located in `tox.ini`.
+`tox` takes care of managing Python virtualenvs and installing dependencies in order to run tests. You can also run tests in parallel. For example, you can run unit tests for Python 3.8, Python 3.9, Python 3.10, and `flake8` checks in parallel with `tox -p`. Also, you can run unit tests for specific python versions with `tox -e py38`. The configuration of these tests are located in `tox.ini`.
 
 #### `pytest`
 Finally, you can also run a specific test or group of tests using `pytest` directly. With a Python virtualenv active and dev dependencies installed you can do things like:
diff --git a/setup.py b/setup.py
index 34d6b5877..7596b631c 100644
--- a/setup.py
+++ b/setup.py
@@ -4,9 +4,9 @@
 import re
 
 # require python 3.7 or newer
-if sys.version_info < (3, 7):
+if sys.version_info < (3, 8):
     print("Error: dbt does not support this version of Python.")
-    print("Please upgrade to Python 3.7 or higher.")
+    print("Please upgrade to Python 3.8 or higher.")
     sys.exit(1)
 
 
@@ -78,10 +78,9 @@ def _get_dbt_core_version():
         "Operating System :: Microsoft :: Windows",
         "Operating System :: MacOS :: MacOS X",
         "Operating System :: POSIX :: Linux",
-        "Programming Language :: Python :: 3.7",
         "Programming Language :: Python :: 3.8",
         "Programming Language :: Python :: 3.9",
         "Programming Language :: Python :: 3.10",
     ],
-    python_requires=">=3.7",
+    python_requires=">=3.8",
 )
diff --git a/tox.ini b/tox.ini
index c900733c0..2e41fddc9 100644
--- a/tox.ini
+++ b/tox.ini
@@ -1,8 +1,8 @@
 [tox]
 skipsdist = True
-envlist = py37,py38,py39,py310
+envlist = py38,py39,py310
 
-[testenv:{unit,py37,py38,py39,py310,py}]
+[testenv:{unit,py38,py39,py310,py}]
 description = unit testing
 skip_install = true
 passenv =
@@ -13,7 +13,7 @@ deps =
   -rdev-requirements.txt
   -e.
 
-[testenv:{integration,py37,py38,py39,py310,py}-{redshift}]
+[testenv:{integration,py38,py39,py310,py}-{redshift}]
 description = adapter plugin integration testing
 skip_install = true
 passenv =