5G enables more capacity. A carrier can service more clients in the same area without degrading performance than they can with LTE.
This is not something that is obvious to the end user. There is nothing exceptional about your phone working as expected, and the explosive growth in bandwidth usage and the number of active cellular clients over the last decade is not on most people's minds.
5G near me is something like 15x faster than wired broadband. I don't care about it for mobile, but I'm excited to finally ditch my landline and crappy 20mbit line.
That's great. 5G can work if it's deployed well and with sufficient capacity. Unfortunately, that's not the case everywhere. For example, there's no 5G in my area at all and even the 4G coverage and speeds suck. Thankfully, in my area, I have 200mbit cable internet and WiFi calling. So to use a cliche: Your mileage may vary...
Eventually we'll be pixel streaming real time graphics and workstations (eg. Mighty) to our phones and tablets. This will enable entirely new types of content and productivity tools.
Power can live at the edge and stream to cheap, easily replaceable consumer devices.