As with so many other things... ...it’s not that simple.
It’s not EITHER a hoax or else a deadly threat.
Again, as with so many other things, Nature (and physics) sees a range — a wide spectrum of degree of effect — between civilization-destroying utter devastation, and “Look Mom, Nothing Happened.”
It depends on the strength of the field, and where the affected objects and systems are. And numerous other variables.
Yes, it’s Real. I spent a lot of years in EMI / RFI / TEMPEST / EMC / and EMP with a manufacturer of control and suppression devices.
So. Prep reasonably, by all means. Run in panicky cicles waving your arms in the air while hollering — probably not indicated.
Don’ worry: Be happy.
Me too. I have done a bit of compliance testing. All consumer but I did see an EMP test lab once. It was a huge warehouse and they could drive in vehicles, etc. Very interesting. I bet that they had some fun parties. :)