Definition of "FIRE"

As Figure 2.1 demonstrates, total income acquired by the finance, insurance and real estate (FIRE) sector has been increasing since the early 1980s. While in the 1952–1980 period, the share of national income that went to the FIRE sector hovered between 12 and 14 percent, by the 2000s it had approached 20 percent.

2008, Özgür Orhangazi, Financialization and the US Economy, Edward Elgar Publishing, page 11