Meet the 'silver squatters': Adults in their mid-50s who are woefully unprepared for retirement

iStock; Rebecca Zisser/BI

Jim Thomas, a 52-year-old who works in a lumber mill, is well aware of how far behind he's fallen in saving for retirement. His job pays "good money," he says, but he's still trying to plug the hole in his finances after a layoff, a divorce, and several legal disputes emptied his wallet in the last decade.