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Bill Foster: “U.S. household debt was $12.68 trillion in 2008.”

Featuring: Bill Foster, Democratic | U.S. House Illinois, 11th Congressional District

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Published | Video Starts at 02:23

Okay, maybe you think it's all fine now, but do you know how much debt the US households have to how much debt they had prior to the peak of the 2008 financial crisis? Not at the top of my head, no. No. $12.68 … U.S. household debt was $12.68 trillion in 2008. … $18.8 trillion. There's more debt piled up and stressed American households than there was before the crisis. And we're unfortunately just as naked against the same sort of abuse that we had as we had back then, we're facing. (02:23)

CLAIM

Asserts that U.S. household debt was $12.68 trillion in 2008.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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