1. My national government, by court order or sketchy secret court order.
2. Google, who are in the business of tracking and profiling.
3. The US government, by court order or sketchy secret court order.
A person might hope cloud storage provided by a national government would reduce the snooping by two thirds.
Of course, that analysis ignores risks like the service getting hacked, my account getting hacked, and suchlike - which some would say are much bigger risks.
I can understand, though, that most of the population doesn't want such complexity, and prefers to be able to reset forgotten passwords without losing their data.