How secure is SSL/TLS, explained in laymans terms?

While trying to answer this question it occurred to me that while there’s many good answers about the strengths and weaknesses of SSL/TLS in terms a security professional or software developer can understand, there’s not many good responses that a layman might be able to properly understand.

For instance, we describe some variants of TLS/SSL as “insecure”, which in the security world has a somewhat specialized meaning that might be summarized as “There’s some known vulnerabilities that significantly degrade the security, and you should likely disable this variant on your servers.”. A layman might interpret “insecure” as “simple to exploit”, which isn’t necessarily true.

So can someone provide a good layman’s explanation as to the current security level offered by SSL/TLS? The answer should include the resources of the attacker, the effort, resources, and access involved, and (possibly) the cost.

The answer might also include other ways to achieve the same goal without attacking SSL/TLS, and risks we all take for granted every day. (My credit card, for instance, was compromised and used for fraud last year when Newegg got hacked)