Passkey issue
As I understand passkeys, they are device-specific and are not restorable from device backups to other devices.
Suppose the only smart device I have is my phone. If that phone breaks, or is lost or stolen, I cannot access passkey-protected sites from another device. Payments for mortgages, routine living expenses, etc. - missing those will have profound negative effects on my routine life and credit rating. That's too much risk for me.
I recognize the password shortcomings listed by the author. And while some mitigation could be found in legislation to better protect financial victims, I'm in the U.S., where "That's a long wait for a train don't come". So I don't have an answer to the increasing attack surface and hacking tool effectiveness. It makes me long for the days of cash under my mattress and gold coins in the garden.