From "the Arit of Happiness": Transforming Suffering
It (by reflecting on the types of suffering that we are subject to) may help you mentally cope with it (suffering), reduce the fear and so on, but it does not alleviate the problem itself.
….how you perceive life as a whole pays a role in your attitude about suffering. For instance, if your basic outlook is that suffering is negative and must be avoided at all costs and in some sense is a sign of failure, this will add a distinct psychological component of anxiety and intolerance when you encounter difficult circumstances…On the other hand, if you basic outlook accepts that suffering is a natural part of your existence, this will undoubtedly make you more tolerant toward the adversities of life.
.. There is a possibility of freedom from suffering.
…According to Buddhist thought, the root causes of suffering are ignorance, craving, and hatred…..by generating insight into the true nature of reality and eliminating afflictive state of mind such as craving and hatred, one can achieve a completely purified state of mind, free from suffering. Within in a Buddhist context, when one reflects on the fact that one’s ordinary day-to-day existence is characterized by suffering, this serves to encourage one to engage in the practices that will eliminate the root causes of one’s suffering. Otherwise, if there was no hope, or no possibility of freedom from suffering, mere reflection on suffering just becomes morbid thinking, and would be quite negative.