If we are more specific: how secure is local plaintext on Mac and iPhone?
Let's consider:
1. If the device gets lost. I have opened FileVault on Mac and iPhone has a fingerprint lock and password. Is this secure enough?
2. Do some software scan the local files? How big is this risk?
3. Something like Spotlight on Mac does scan all the local plaintext, does this pose a security risk?
4. Are there any other risks you could think of?
Are they secure against an opportunistic thief? Sure.
Are they secure against a state actor with an unlimited budget? One word: LOL.