That's a popular opinion, but how do you quantitatively prove it? While the formal education of a population may correlate with wealth, I think it would be harder to prove a causal link.
https://www.pewresearch.org/social-trends/2019/02/14/millenn...
However, to the extent that education enables better income opportunities I agree. Education can reduce economic inequality which is a huge barrier to social cohesion and civic trust. However education isn’t the only path to better wealth distribution.
Now that burden is put on each and everyone of us with social media and other alternative media. People from the Silent Generation are drowning in todays information age.