The more formal education you enjoyed, the more money you make. That makes advice to young people pretty simple: Get as educated as possible and get paid accordingly.
Time for a quick statistical interlude. Median income describes the middle income. We line up all people according to their income and point to the person smack bang in the centre of that line. The income of the person in the middle is called the median income. We now repeat this exercise to see how education impacts our data.
