They wake up that late because they're staying up late. They should be waking up when the sun tells them to, and go to sleep when their body tells them to, which doesn't happen because they're surrounded by light that messes up their circadian rhythm. This has a huge impact on things like anxiety.
Consequently, there can't be one time that is optimal. Why do we work the hours that we do, year round? It doesn't make sense biologically, it's an artifact of industrialization.