A big part of why I use a password manager is so I can easily share passwords between devices and with my wife. While you can do this with a local service, it's

A big part of why I use a password manager is so I can easily share passwords between devices and with my wife. While you can do this with a local service, it's a PITA. All the downsides of online services are mitigated by: 1) Keeping a local backup of your passwords 2) Using a service which only stores encrypted vaults which are decrypted on your device with a locally stored password.