Raj earned 58 and spent 42, so he saved 58-42 = 16.
Michael earned 83 and saved 20, so he spent 63, but that doesn't matter.
for Raj, 100% of his earning is 58, how much is 16 off of it as a percentage?

for Michael, 100% of his earnings is 83, how much is 20 off of it as a percentage?

and you can see clearly which percentage is higher.