Also to expand on what mindless1 said, the WiFi part of the network is shared bandwidth between all devices within range (not just limited to "your" devices, but "any" WiFi device that is transmitting on the same channels). Most WiFi now uses multiple channels for providing higher bandwidth, and as such that means it is more likely that you will be sharing one or more channels with other devices owned by other people who are nearby. All the radios within the area that are operating on the same channel need to slow down to the slowest devices on the channel as only one device can reasonably transmit at the same time (beamforming and mu-mimo doesn't really help with this, as it simply uses the the multiple antennas and radio chains to try and listen/transmit better to the locations that you have client devices, but that still does not prevent other wifi devices from transmitting in the area that overlaps your locations).
So, long story short, due to the shared bandwidth of the wifi network, you really want a wifi network that is capable of multiple times total bandwidth of the individual devices connected to it due to all the time based multi-plexing that occurs as the devices sit and wait while other devices transmit and need to handle re-transmitting when a collision occurs when two wifi radios broadcast at the same time on the same channel.