INDIANAPOLIS (WISH) — Here is a look at Monday’s business headlines with Jane King, who has the latest on the aftermath of Spirit Airlines and how much it costs to retire in Indiana.
US and Iran far apart on any deal
The U.S. and Iran remain far apart on a deal to end the war and reopen the Strait of Hormuz, with President Donald Trump saying his patience is wearing thin.
The UAE reported a drone strike on a nuclear facility.
Trump earlier warned of “the calm before the storm” in a post on Truth Social.
It comes as reports suggest the U.S. and Israel are undergoing the most intense preparations for renewed attacks against Iran since the ceasefire was agreed last month
Aftermath of Spirit Airlines analyzed
Now that Spirit Airlines has been gone for a couple of weeks, analysts have taken a look at what happened to airfares in markets where Spirit operates.
24/7 Wall St. ran the numbers and found the Fort Lauderdale to Dallas flight rose 218% just a day after Spirit went down.
Cirium and Kayak real-time data ran 15% to 25% across every route where Spirit had double-digit market share.
Multigenerational homes market growing
Data from the National Association of Realtors’ 2025 Home Buyers and Sellers Generational Trends report shows that between July 2023 and June 2024, 17% of all home buyers purchased a multigenerational home. That’s an increase from 14% the previous year.
According to housing experts, more families are specifically searching for homes with “mother-in-law suites,” guest houses, and separate living spaces designed for relatives.
Realtor.com reports that homes built for multi-generational living often sell quickly and at higher prices because demand continues growing.
For many families, combining households is helping reduce financial pressure.
Verizon hikes price of wireless plan
Verizon has hiked the price of its flagship wireless plan.
Verizon’s unlimited ultimate plan — previously priced at $80 per month for a single line — now costs $85, a $5 increase that took effect on May 7 and applies to all new subscribers, regardless of how many lines they carry.
The cost of retiring in Indiana
A study by MoneyLion analyzed what is needed to retire comfortably across states.
Indiana reportedly needs $34,500 for basic necessities and $62,000 for a comfortable retirement.
A nest egg of roughly $830,504 is typically recommended for indiana, though this figure shifts based on location and personal spending habits.