Why are password managers considered good security practice when they provide a single entry for an attacker to get all of your credentials?

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Why are password managers considered good security practice when they provide a single entry for an attacker to get all of your credentials?

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1. Most people use one single password in many different websites. If any of those sites get hacked they can empty your bank account secured by the same password before you are done drinking your coffee in the morning.
2. With password managers you can use very long and complicated passwords without any effort, 30 characters passwords everywhere is safer.
3. It is easier to secure one safety door than to secure 100 random doors, where you can add many steps of verification and encryption to one password manager, doing the same and tracking 100 pages is a metric ton of work.
4. Password managers entire business is based on security, their encryption and security options generally are top of the line when compared to random websites built by interns with a copy paste.

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