Where goes the future of personal data non-security?

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I just read about Google’s new program to offer optional physical dongle based security to persons with Google accounts and g-suite accounts. This program also locks the account so that non-Google programs and apps cannot access the data on a Gmail account, Google drive, Google calendar, etc.

Many people currently just don’t want to deal with physical dongles, or fear losing the dongle and hence access.

I don’t know what the recovery procedure is if the dongle is lost. Supposedly, it’s not simple.

At the same time, the financial people who run the credit economy are talking about how the economy will be crippled if everyone locks down their financial data.
(Whose economy? Theirs?)
(Apologies. I read the story in the IOS news app this morning and now can’t find it.)

Wither the future of all this?

Prognostications?

https://techcrunch.com/2017/10/17/google-launches-strongest-security-opt-in-program-for-high-risk-users/
Google launches “strongest security” opt-in program for high risk users