Just gonna piggyback off this and say the family plan is an amazing value if you have aging parents.
I recently upgraded to one, set up each of my parents with accounts, and moved all of their passwords out the physical and digital notes that their passwords were strung across and into 1password.
This means no more iCloud password resets every time they need an app or call me for IT support. It means I can help them securely manage their financial accounts and photos as they get older. I can share with them my Netflix login. And I sleep better at night knowing they’ll be aware when one of their previously common recycled passwords is compromised.