Privilege and oppression are funny things, receiving a form of systemic privilege doesn't cancel out a form of systemic oppression, it just means that you experience that oppression differently. I quite obviously have white privilege, so no matter how poor I am, or female, or queer or trans or non binary, I will never experience those things the same way a woman of colour would. Which doesn't mean that the challenges I face are not challenging, it just means I will never ever face them with the additional hardship of having to deal with systemic racism.
Being able to acknowledge privileges you have is a powerful thing, not because you should feel guilty about belonging to a privileged group, but because if you can acknowledge privilege you can actually start to push back against the ---ked up system that creates these power dynamics and help create change. It's hard, because privilege is by it's very nature invisible, when something is viewed as a default state you only really become aware of it if it isn't there, and it takes a lot of self reflection to actually be able to see it, and then even more to deal with it in a human way. I'm definitely not new to this game and I'm still learning.