The US has created a lot of inflation through its defense budget, things like the inflation reduction act (which added a trillion $ or so to the economy, which is ironic), etc. And people commonly take loans to buy cars, houses, etc. Which all adds to inflation. It creates a lot of money but not a lot of wealth or well being.
Which is why despite being so rich, poverty levels are substantial in the US, medical care is expensive/unaffordable, and illness is a potential bankrupting event for a lot of people. Life expectancy is low and dropping (relative to other countries). Literacy and education levels are at an all time low and obesity is a national decease associate with a class of people that don't have good access to quality produce or health care.