I'm a bit wary of headlines like this one. Not owning books and not reading are a bit different - in fact to engage well with IT in all its varied forms, you need to read very competently.
Most people in the UK have learned to read adequately for the purposes they face in life, from the 1940s onwards.
Most people have no purpose for extended reading once they leave school. Filling out a form might be the most writing they ever do. Not bewailing anything - just factual.
Now this is compounded by clickable form-filling online, by mobiles and text msg - sorry, messaging.
I personally love the feel and smell of real books as well as their content, but I also love finding info online. I don't like reading extended text online as it hurts my eyes but maybe future laptops will combine
kindle-type screen functions that will make text reading more comfortable.
As my eyesight has got worse I realise I am reading less from books - swapping specs, finding the right light etc gets tiresome - so myabe I'll try an e-reader at some stage.
But lets not fall once again into the trap of throwing up our hands and despairing of schools / young people / other people's kids. Times change and move on - that's the only constant.