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

ELIG answer:

Because, if used correctly, it’s like having all your valuables in a safe, that is inside another safe, that you don’t tell anybody that you even have.

You don’t know if I use a manager, or which one, that uses a huge password you don’t know, that also texts my phone which you don’t have.