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It's not, it's recognising there's cross over and that there are many related and possibly unrelated things that apply, but not too add them up to one big privilege score.
After reading you phrasing it in this way it's made me wonder if the way the concept and discussion is being played out is in fact being reduced to a privilege score(?). In fact it seems like that is almost a natural end point of how people think about these things.
Look at even jokey things like the Monty Python Four Yorkshiremen sketch, or Boomers "but you have smartphones" comments.
It's not, it's recognising there's cross over and that there are many related and possibly unrelated things that apply, but not too add them up to one big privilege score.