LA Wildfires to Impact US Economy for Decades
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The wildfires in Los Angeles are causing unprecedented financial damage, estimated at $150 billion, the highest ever recorded for a wildfire in the United States. Over 38,000 acres have been scorched, and more than 10,000 structures have been destroyed. The rebuilding process is expected to take over a decade, significantly impacting the US economy for years to come. This event surpasses the financial damage of the 2018 Camp Fire, which caused $12.5 billion in damages when adjusted for today's dollars.
