A foldable wagon is provided that is configurable in a use configuration and folded configuration. The foldable wagon has a front frame assembly, a rear frame assembly, a first upper pivot bracket and a first lower pivot bracket connecting the front frame assembly to the rear frame assembly. The wagon has a timing member to maintain the front and rear frame assemblies synched during folding and unfolding of the wagon. The wagon also has a footrest with a first end connected to the rear frame assembly and a second end free from connection to the front frame assembly. When the second end of the footrest is raised the rear frame assembly and the front frame assembly pivot from the use configuration to the folded configuration. The wagon also has foldable front and rear seatbacks.