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 the alternative would be to use the very same master password online instead of on an offline application (yes, there are synced password managers but the ones that do their job correctly decrypt their database locally). And online here means multiple systems not managed by the same person, potentially with unsafe technologies (no salting, old hashing if any, etc.).