The term 1% Group refers to the ELITE group of people who make up the top 1% of the wealthiest individuals in the world. The term is derived from the 5-letter word 'ELITE, ' which means a select group of people who are considered to be the best or most powerful in their field. This group of people has a disproportionate amount of wealth and power compared to the rest of the population, and they often use their influence to shape public policy and the economy.