I deeply respect Philip Zimmermann for creating "pretty good privacy" rather than trying for "perfect privacy". PGP is exactly that: pretty good. Not great, not perfect, but pretty good indeed. And it's there. And it works. It's a compromise, which works well for many people's requirements. Oh, and did I mention that it EXISTS?
I use PGP every day. My private keys are stored on Yubikeys, which is supported. I have offline backups of those, which is supported, too. I can encrypt my backups for multiple keys, sign lists of hashes of files to verify integrity, and people can send me private E-mail.
None of this works perfectly, but it does work, and (not being a teenager anymore) I appreciate the fact that PGP has worked since 1991 or so, and I can reasonably expect it to work for the rest of my lifetime, unlike much modern software, which while being incredibly fashionable, seems to flare out a couple of years later.