Absolutely agree on the usage of a password manager. And yes, as hardware increases in power we run into the issue of timelines being shorter. I disagree on MD5 being not totally broken, considering a collision can be found in seconds on even low end hardware these days. Even salted, a collision would still be viable.

Again, the real problem overall is adoption. Getting people to use better passwords/phrases that are less likely to be brute forced. Everyone should be using non-SMS 2FA, ideally with an authenticator app or physical key. As well, password length should only be limited by a minimum value rather than being in a small range. Services should be using algorithms that are recent, well audited, and have the ability to artificially inflate the time taken to get the result for future-proofing. SSO is also an option, since services without IT departments or people with the ability to handle passwords should offload it to a service that can. SSO as a service provider is very appealing, as you no longer have the responsibility of storing sensitive hashes and account information.