The ability of young Australians to access an asset class like property is difficult, a report says. Photo: Diego Fedele/AAP PHOTOS

What you own is more important than what you earn, according to young Australians increasingly turning to investment to get ahead, a report shows.

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Seven in 10 millennials and Gen Z Australians think owning assets is more critical to financial success than career progression, and they're 25 per cent more likely to invest in markets than Gen X and Baby Boomers, according to investing platform Stake's annual Ambition Report.

The shift in attitudes had bee

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