Privilege is complex. It is not only related to economic and material wealth. It’s psychological and emotional too. For example, that no White person experiences systemic racism means that we are all psychologically and emotionally privileged in comparison to People of Colour. Even more complex, though, is the reality of intersectional privilege.
Privilege is accrued by individuals that society is set up to favour; individuals who belong to certain identity categories e.g., men, people racialised as White, being middle-class, not being disabled by society, etc