Here's a breakdown:
* Socioeconomic status: Ponyboy is from a poor family living in a rough part of town. He and his brothers struggle financially and are often seen as "lower class" compared to the wealthier Socs (Socials).
* Gang Affiliation: He is a member of the Greasers, a gang of working-class boys who are defined by their style (long hair, leather jackets) and their defiance against the social hierarchy.
Essentially, Ponyboy is a greaser because he fits the social and economic characteristics associated with the Greasers in the novel. It's a label he carries due to his circumstances and his chosen community.