You are exactly right.
The premise of this article has been debunked. By liberals!
Link is to an article that describes what happens when people are given a windfall. Basically, it does not change the trajectory of that family’s wealth.
Poor decision making skills, as you point out, are a major factor.
Dave Chappelle pretty much showed what would happen if they got Reparations.
https://www.youtube.com/watch?v=Fg6J1Skptbs