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

Because if you have one strong password that’s over 16 characters it will take billions of years to break it. 

Compared to 100 variations of myDogsName123 which takes about a few days to crack.