I don't think so. Stealing passwords from password manager with a trojan software is much easier (and safer) than breaking into somebody's house. In some countries you can even get shot for that.

You can say the same about credit cards: they can easily be lost, stolen etc. But generally they are better protected than internet bank account with just a password.

And the most appealing point is ease of use. Inserting a key and pressing a button is much easier for a common person than dealing with complicated matters like login, email or password.