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Bloomberg unveils plans for Americans' Social Security, retirement savings

#MikeBloonberg #SocialSecurity #Health #Housing #Retirement Mike Bloomberg released plans to shore up Americans' retirement on Sunday, promising to increase Social Security retirement benefits and create a government-backed savings plan for workers at all income levels. "Americans who have worked for decades deserve the opportunity to retire without facing constant financial pressure, and, as president, I will strengthen Social Security to allow seniors to do just that," Bloomberg, who is a contender for the Democratic presidential nomination, said in a statement. The announcement marks the first time Bloomberg has indicated the direction in which he plans to go with regard to Social Security. Repairing the program's solvency and expanding benefits has become a key part of several presidential candidates' plans, including Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., as well as former vice president Joe Biden. In his announcement, Blo