what is a 1 percenter

what is a 1 percenter

1 year ago 67
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The term "one-percenter" can have different meanings depending on the context. Here are some of the most common uses of the term:

  • Wealth: In the United States, the top one percent of household net worth begins at approximately $10,000,000. However, the threshold to be in the top one percent varies by state and can range from $368,000 to nearly $1 million.

  • Income: To be among the top one percent of earners in the United States, you need an average annual income of $1.697 million. However, the range of income needed to be in the top one percent starts much lower, at $545,978 or more.

  • Outlaw motorcycle clubs: The term "one-percenter" originated from a statement made by the American Motorcyclist Association in the 1940s, which claimed that 99% of motorcyclists were law-abiding citizens and only 1% were outlaws. Outlaw bikers refer to their organizations as "one-percenter" motorcycle clubs (MC) rather than gangs.

In summary, a "one-percenter" can refer to someone who is among the wealthiest or highest-earning individuals in a given population, or to a member of an outlaw motorcycle club.

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