I really don't like the 1% designation. According to [1], if you have an annual income of $55,000 or above (after tax) in the U.S. you are among the 1% globally.
I like the idea of equality and all, but it feels like, when people talk about inequality, they mostly want to be richer.
[1]: https://www.givingwhatwecan.org/get-involved/how-rich-am-i/?...