It’s Time to Say Thank You!!

honorIt’s Labor Day!

It is the one day a year to celebrate the contributions and achievements of the American Labor Force. Do you know the history of it?

Labor Day was created in the 19th century and was made a Federal Holiday in 1894. The topic of who proposed Labor Day is still debated. It is said that Peter McGuire, general secretary of the Brotherhood of Carpenters and Joiners and a co-founder of the American Federation of Labor, was the first to come up with the day to honor the labor force. Records to support this theory have been shot down by some.

Others say Matthew Maguire, a machinist, proposed the holiday. This theory has new research to support it. Matthew was the secretary of Local 344 of the International Association of Machinists in Paterson, N.J. If this theory is correct then Matthew proposed the holiday in 1882.

One main point is agreed on- the Central Labor Union adopted the idea of Labor Day and had a whole team devoted to planning a picnic and demonstration.

The holiday is now celebrated on the first Monday of September. This trend did not start until 1884. Prior, Labor Day was celebrated on September 5th, no matter the day of the week.

No matter which theory is correct or when Labor Day was originally celebrated, do not forget what it represents.

Take the time to say thank you to all those in the Labor force and especially to those in your family and circle of friends for everything they do!

Celebrating those who work hard to make a living and those who help our economy prosper is an awesome Financial Strategy For Life!

The link is provided as a convenience and for informational purposes only. We assume no liability for any inaccuracies, errors or omissions in or from any data or other information provided on the pages, or for any actions taken in reliance on any such data or information.

About Sara Seasholtz

Sara Seasholtz, CFP®, was voted one of "50 Most Influential Women in Charlotte" by The Mecklenburg Times in 2011, and has assisted her clients with their financial planning needs for over 40 years. Have a financial question? ASK SARA!


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