TL:DR Studies on financial education show it helps increase savings rates, but has virtually zero impact on whether someone will default on loans. The article suggests that financial discussions at home are important.
Really though, the article is raising discussion points and doesn’t really suggest what actions we should take (that I noticed, anyway).
It does explain a lot that these are written by academics, who are used to writing for other academics, but I think a lot more effort could be put into writing more concisely.
I guess people like you are the reason why there is so much financial ignorance. Can’t even read a relatively simple document. So sad.