Even millennials are rethinking their allegiance to Barack Obama due to dismal economic progress.

The same young people that flocked to the polls in support of Obama in 2008 have lost confidence in the president's economic policies, research from the nonprofit, nonpartisan youth organization Generation Opportunity shows. Now, under a third of young adults approve of Obama's handling of youth unemployment.

Polling data compiled by Generation Opportunity finds that more than half of millennials (ages 18-29) say the United States is seriously on the wrong track, and a similar number says they are not optimistic about the nation's economic future.

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