Alright. Let's take a personal inventory.

Chance of burglary: ???% Chance that one of the 1000 sites you signed up for gets hacked because they're bad at security: ???% + 1

I'd much rather buy this for my grandparents and have them use 1000 complex passwords than have them use one password for everything and have them be screwed when X Service gets hacked.

But let's be serious, this isn't going to get stolen.