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

Question

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

In: Technology

Answer 1

As this is ELI5:

For similar reasons a Bank is more secure than you saving your various money in pockets, under the bed, in a piggy bank.

Yea the bank is a single place to attack but it is very well guarded.