You have a funny notion of "the 1%." Unless you're in a very low cost of living area $60k in the US is barely scraping by, even $120k/yr in high COL areas like the Bay Area is basically a poverty wage. At large, something like 12% of US households are over $200k/yr. The top 1% of income is considerably higher than that so I have no idea where you're getting $60-120k from unless you're comparing against global incomes, but that's not accounting for local cost of living levels making it an apples-to-oranges comparison.
