It’s one of the biggest clubs on campus, but you won't see its members flyering on Locust anytime soon. The "Penn 1% Club," or as its members call it, "Penn," is a club for those students whose income brackets are in the top 1% of the country. The club is co–ed and has no application process, besides submitting your most recent tax returns. If you prefer to keep your assets private, multiple receipts from Parc serve just as well.
The club formed in 2011 in response to the Occupy Wall Street movement, founder and President Eduardo Douchebag explained. "There was a lot of hostility towards us on campus at the time," he said. "We realized we needed a place where we could just be ourselves and not feel discriminated against."
This year, the club meets mostly at the President's apartment in New York City. "It's just nice to be with a community that understands me and where I came from. I don't have to pretend to be something I'm not anymore," said a junior club member.
A senior who asked to remain anonymous elaborated on what he found so appealing about the group: "Outside of here, I feel like I'm speaking a different language. I told someone my jeans were from Rag and Bone, and he goes, ‘What’s that?’ I told another girl I summered in Monaco, and she thought it was on the Jersey Shore. It's exhausting to have to explain yourself all the time."
Right now the group has minimal functions beyond socializing. A source told us there are plans to partner with the Wharton Public Policy Initiative to battle injustice towards the school’s wealthiest students.