While compromized passwords are one problem, leaking your data is bad in so many other ways as well. Yet almost all focus lies in obfuscating passwords to prevent extraction in the case of a breach. We don't talk as much about securing addresses and SSNs and other sensitive data.

Well guess what, if the attacker has access to your system he can just install a password logger and all your obfuscation would be in vain.

All extra security is added value, sure, but focus on other areas wouldn't hurt.