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It’s not that you are wrong, but your information source of lazy media is. Out of about ten articles I read when I researched this, only one correctly mentioned future payout would be increased for lowered payouts due to pre-FRA earnings above the threshold. They call it a “reduction”, when it really should be called a “deferral.”

Here’s from the SSA website itself: “In addition, after you reach full retirement age, we will recalculate your benefit amount to give you credit for any months in which you did not receive a benefit [I assume “benefit” means any portion of a full payout] because of your earnings. We will send you a letter telling you about any increase in your benefit amount.”