Say you sleep 2 hours less than "the norm". That means you get an extra 30 DAYS a year of 'awake' time. Over 50 years, that 2 hours has added up to an extra 4 years of useful awake time.
Would you rather have more time while you're young, and able to do stuff, or just live a bit longer when you're old and stuck in a home? (Assuming you're correct, and lack of sleep makes you die younger).
Everything in moderation - don't take things to extremes, but I'd say 5 hours is probably still healthy enough.
Having kids certainly helps with training yourself to not need much sleep.