How Fire Season Affects the Economy

The U.S. National Archives | San Diego Wildfires | https://nara.getarchive.net/media/wildfires-san-diego-ca-october-26-2007-northern-california-fire-crews-work-b7f102 | No known copyright restrictions | https://catalog.archives.gov/

59,000 wildfires burned more than 10 million acres of land across the U.S. in 2020. This number is higher than the number of acers burned by wildfires between 2000 and 2019. How might wildfires affect the economy? In 2018, wildfires cost the state of California $148.5 billion, with wildfires growing, so may these numbers.

 

Local wildfires also caused 3,700 deaths and over 17,000 injuries in the year of 2019. With the trauma that may arise from these injuries and fatalities, behavioral economics surrounding wildfires may become a subject of increased study.