You are forgetting that there really is not a 1% chance of dying of covid across all risk categories.
The numbers are very clear on this:
There are people who have a 1% or greater risk of dying if they catch it.
Most people do not fall into that category, not even close.
Let's start with the fact that the 1% IFR is calculated using a faulty denominator. Due to the high prevalence of asymptomatic infection, the denominator is far smaller than it should be.
I was the only one in my household to have a single symptom when I caught it in February. My wife and two children did not have any symptoms and would not have been tested if I had not gotten myself tested. Wow this is an anecdote, it is directionally aligned with seroprevalence surveys.
Omicron is even less symptomatic and therefore, we still have a denominator that is far too small.
To put it into perspective, school children at the elementary age are actually at higher risk of death from an influenza infection than they are from a covid one. Obviously this does not apply to children who are immunocompromised or have comorbidities. They are the only age group that has a higher death rate from the influenza than from covid. But it is still notable. We have been sending our kids to schools without masks for decades even in the midst of various influenza epidemics.
Over time populations in the US that are less sensitive to media reporting, especially working class people, have formed their own intuitive risk calculations based on their anecdotal experience. Your average taxi driver has a pretty good understanding of who is at high risk and who isn't. I experienced this in Vegas when a woman driving my taxi stated to me that the people she knew who had died were all old or "really really fat". Her words not mine lol.
The people who are under 50 years of age who round 1% down to zero are more accurate than you are in their assessment. I hope I don't sound rude when I state that but based on the numbers it is accurate.