In economics, a depression is commonly defined as an extreme recession that lasts three or more years or which leads to a decline in real gross domestic product (GDP) of at least 10 percent in a given year. Regardless of whether or not you are expecting one, how prepared do you feel the US government is for an economic depression? Published on August 3, 2020 → Survey conducted on August 3, 2020 on 25469 U.S. adults