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Americans just weren't ready for a financial crisis themagnitude of the coronavirus pandemic. In fact, according toClever.com,however shaky or sturdy people's financial wellness may have beenbefore Covid-19 hit, a lot of them are a lot worseoff, with 50 percent saying their savings are going to run out bythe end of the month.

In addition, 25 percent have taken on more debt, 75 percent saythe financial effects of the pandemic will be worse than those ofthe Great Recession (and remember, the recovery was only a recoveryfor part of the economy, with plenty—particularly millennials andwould-be retirees—still struggling), 30 percent of homeowners hadless than $1,000 in emergency funds before the pandemic hit and 22percent don't have enough in savings to make one month's mortgagepayment.

Home buyers, says the report, are pulling out of the market,with 48 percent deciding to postpone looking for a residence. Homeowners, on the other hand, are putting off mortgage payments, withalmost 16 percent of those with a mortgage saying they've madeagreements with their loan servicing companies to suspend or reducetheir monthly payments for now.

And sellers are pulling their homes off the market, with 85percent of those who had intended to sell within the next 12 monthschanging their minds because of the pandemic. Twenty-three percenthave pulled the listing, 27 percent had to drop the listing priceand 31 percent are postponing listing their homes.

When it comes to renters, 45 percent don't have enough savingsto cover a month's rent, and almost 40 percent are worried aboutevictions—but just 11 percent have managed to work something outwith their landlords for either rent forgiveness or a reduction inrent.

And about those renters: according to the report, when comparedwith homeowner respondents to the survey, 46 percent said they hadless than $500 in emergency savings—and renters were twice aslikely to say that they'd never had emergency savings. A quarter ofrenters are having a tough time paying their rent.

Emergency funds just aren't going far enough for renterrespondents, with 13 percent saying they'd already spent what theyhad and 11 percent saying that what they'd managed to stashwouldn't even last a month. Only 6 percent said they had enough putby to last them six months to a year.

And people without cash are taking on debt, with 58 percentsaying it's on credit cards, 21 percent cash-out refinancing, 27percent getting personal loans and 29 percent borrowing from afriend or a family member. And among those who have taken on debtas a result of Covid-19, 72 percent have borrowed less than$2,000—but an unfortunate 5 percent say they're already $10,000behind.