Having a strong password can save you a lot of pain and even financial loss. Imagine your password being 12345678. Imagine your FB being breached. When some of the passwords were leaked on a popular site due to a security breach, analysis of those gave startling results. Believe me or not, some people still use easy to guess passwords.
As per Microsoft password checker, strength of a password depends on the different types of characters that you use, the overall length of the password, and whether the password can be found in a dictionary. It should be 8 or more characters long.
See this password strength checker from microsoft: https://www.microsoft.com/security/pc-security/password-checker.aspx
As per a security firm analysis, most common passwords were:
See here for more details: http://www.cxo.eu.com/news/password-protected/
checking the strength of your passwords how to choose a strong password
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