Kids in kindergarten start early, and stay later than they have in the past with no nap period. Busy parents (both of whom are now working full-time) are lucky to get home by 7pm, so the kid(s) are generally kept up till 9/10pm so the parents can have some time with them.
If parents are going to keep a 5/6-yr old up to 9:30pm or later, then wake them up at 7:15am to get ready for school at 8:15am.... which goes till 2pm with no nap time. Well yea, sleep deprivation hurts.
Ask your parents, grandparents, etc when they went to sleep, when kindergarten began, how long it ran, whether it included a nap/rest-time. Most of us got a lot more sleep than the kids now.
Edit: I agree kids need more free-play time, but that's separate from their sleep deprivation.